Carlos44

CONTINUATION ON GU BUY CHEAPEST PRICE

Long
FX:GBPUSD   British Pound / U.S. Dollar

LONGS FROM LOWEST PRICE POSSIBLE 1.38000-1.38250

quick overview

Looking at gu we can see that we have been in a very strong uptrend as we have broken above the 1.37400 level we was ranging around that region swell for a couple days until recently we have seen a break above that previous level and now we are starting to go towards the 1. 40 level which is a strong banking level we have quite a lot of imbalance in this region above so I our target will be in the 1. 40

we have two entries for gu we are only looking for buys as the trend has not changed also we haven't had a deeper pullback so we are due to have one at some point I have two target areas of interest 1.38 banking level and the 1.38250 region we have some confluences in this region so we will be looking to see how it goes

ENTRY 1 : 1.38250 - BUY LIMIT
STOP LOSS : 1.38130 (-12 PIPS )
TAKE PROFIT : 1.40000 (+175 PIPS)
RISK TO REWARD : 1;13


S2(INTRADAY)( APM MAX)
EXHAUSTION TRADE
71%





Comment: missed my limit by 5 pips
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