Hello traders, there was another dip in GBP/USD today and the price
visited the 1.2090 support zone. However, the dip was rapidly
bought and the price has rebounded 60+ pips.
So, my strategy is to buy the dips in GBP/USD as long as the support
zone stays intact. Target would be at 1.2250 and then 1.24
visited the 1.2090 support zone. However, the dip was rapidly
bought and the price has rebounded 60+ pips.
So, my strategy is to buy the dips in GBP/USD as long as the support
zone stays intact. Target would be at 1.2250 and then 1.24
Comment:
Price is now 100 pips up from the 1.2090 level
Comment:
While price breached the 1.2220 level, there was no sustained move beyond it.
Price may visit the support again
Price may visit the support again
Trade closed: target reached:
280 Pips profit from my buy level at 1.2090.
Closed@1.2370
Closed@1.2370