GBPUSD is forming a Bat pattern which expected to be complete at D point as shown in the chart.
The reason i see a potential in this trade that a price action (engulfing candle) appeared at C point
This is just an Idea. please do your analysis before taking any trade and don't depend on other analysis. Happy trading
The reason i see a potential in this trade that a price action (engulfing candle) appeared at C point
This is just an Idea. please do your analysis before taking any trade and don't depend on other analysis. Happy trading
Trade active:
nice move from our entry point. 50+ pip
Trade closed: target reached:
TP 1 reached 160 pip :) .. close half of your positions followers
Trade closed manually:
after reaching TP1 the market found sellers after yesterday BOE conference and the price broke the channel below our buy entry and confirmed the change in trend therefore i decided to close this trade to save our profit which we made in TP1.
Total profit in PIPs for this trade is TP1 (160) - SL (40) = 120 pips during this week.. not bad ;)
good luck followers
Total profit in PIPs for this trade is TP1 (160) - SL (40) = 120 pips during this week.. not bad ;)
good luck followers