potential 25 pips to 35 pips trade GPB
markets looks stable for today, so we probbely will see price just trading in a range for the comming hours. that is why i would consider this setup to be a pottential 25-35 pips trade us a buy,
first we have a support around 151.52 levels voor gbp/gpy and and we will need to test incase we break from the current trendline back the trendline from beneed this time us resistance. so this trade setup would be a pottential buy at 151.55 and take it towards 151.80 levels to play it safe. i would recommand to not risk more then 1% per trade and your profits shoul not be more then 2% per trade so that your risk exposure per trade is us low us possible and just try to be consistent when you can achieve a 70% win ratio then your on the right track to be a consistant profitable trader for the long run.https://s3.amazonaws.com/tradingview/snapshots/p/P34tozdG.png
first we have a support around 151.52 levels voor gbp/gpy and and we will need to test incase we break from the current trendline back the trendline from beneed this time us resistance. so this trade setup would be a pottential buy at 151.55 and take it towards 151.80 levels to play it safe. i would recommand to not risk more then 1% per trade and your profits shoul not be more then 2% per trade so that your risk exposure per trade is us low us possible and just try to be consistent when you can achieve a 70% win ratio then your on the right track to be a consistant profitable trader for the long run.https://s3.amazonaws.com/tradingview/snapshots/p/P34tozdG.png
Trade closed: target reached:
Successful target reach with almost no drawdown total pips from our entry at 151.55 is currently over 50 pips in profit close trade imidiatly and tomorrow we look for a next trade