Pending Long GBP/USD mid 1.65XX region
Wait for price to hit the lower trend line in the mid 1.65XX region for a possible long, this is in line with the 50% fib level, coming in at 1.653X.
Target: mid 1.67XX region, which will be approx 200 pips profit.
I would consider risk 50 to 100 pips on this trade for a possible 2:1 or 4:1 risk reward.
Target: mid 1.67XX region, which will be approx 200 pips profit.
I would consider risk 50 to 100 pips on this trade for a possible 2:1 or 4:1 risk reward.
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