GBPUSD Long short lonnnnng continued
Morning folks, as we all know football is coming home today; this is why I had to post this in the morning... (beers)
last week I posted my set up (see link/page) if you had taken that trade you would now be sat with around 100+ pips profit.. not bad.
My targets for the first long have been added to this update I believe 1.405 (my actual tp is 1.395/1.40) at the .618 Fibonacci this fib is drawn from point B to C as that is the last move in my prediction of an ABCDE formation before the market continues higher. All a bit boring I know.. if this target is then hit ill be updating on closing my positions and when I'm taking the shorts and my expected target for that.. It's also important to keep in mind the other fib levels seen on the set up.. I will be adjusting stops when needed. (already moved to breakeven.. ) could do higher low being set after this impulse we saw Friday.
I wouldn't take the long from this position personally as the market has already moved either wait for the short or the next long remember in trading patience, doing your homework and supporting England in the Euros is the only thing that matters..
I watch the month week daily and place on either the 8/4/1hr charts.
I am not a financial advisor or anything like that but I do take money from the market....
Firm handshakes.
HAPPY TRADING. >:-)
last week I posted my set up (see link/page) if you had taken that trade you would now be sat with around 100+ pips profit.. not bad.
My targets for the first long have been added to this update I believe 1.405 (my actual tp is 1.395/1.40) at the .618 Fibonacci this fib is drawn from point B to C as that is the last move in my prediction of an ABCDE formation before the market continues higher. All a bit boring I know.. if this target is then hit ill be updating on closing my positions and when I'm taking the shorts and my expected target for that.. It's also important to keep in mind the other fib levels seen on the set up.. I will be adjusting stops when needed. (already moved to breakeven.. ) could do higher low being set after this impulse we saw Friday.
I wouldn't take the long from this position personally as the market has already moved either wait for the short or the next long remember in trading patience, doing your homework and supporting England in the Euros is the only thing that matters..
I watch the month week daily and place on either the 8/4/1hr charts.
I am not a financial advisor or anything like that but I do take money from the market....
Firm handshakes.
HAPPY TRADING. >:-)
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