GBP/USD LONG - Strong Bullish Move Above Resistance
The pair had been sruggling to get above the consolidation point on the 1HR and 4HR charts. it has been in a strong uptrend since touching support at 1.2415. The pair stalled at this consolidation point but now looks to moved to the high and next 4HR resistance where I've placed my TP. the 4HR candle was bullish engulfing, I have taken a 2% risk on this trade.
TP @ 1.26585
SL @ 1.25702
R/R @ 2.0
TP @ 1.26585
SL @ 1.25702
R/R @ 2.0
Note
80% target achieved, SL moved to a profit, just below the last 1HR candle.Trade closed manually
Closed manually at 33% of target.Note
Shat myself and closed the trade. This is definitely hitting TP.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.