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chartwatch1

GBPUSD DAILY ENTRY

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
chartwatch1 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns
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chartpattern
The entry should not be lower than 1.28380, there are no any significant news on monday but doesn't mean it won't be volatile
Make sure you set the SL before TP. It's a risk management anyway.


This is only my personal view, make sure you make your trading plan before entering any position
Comment:
The entry was not very good but still manage to reach 50 pips upward before going down

This is a daily view which is shorter term position, if the position manage to profit 30-50 pips, it would be the best to set the STOP LOSS to BREAKEVEN

If you already profit 30 pips, decide to hold until it go higher, the STOP LOSS you move to BREAK EVEN will prevent you from losing money
#moneymanagement

Let's look forward to the next entry

Be patient, market is always open 24 hours for 5 days in a week
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