GBPUSD looks to be poised to rally once more, with RgMov makign steady progress and anticipating a breakout ahead of price, there is a longer term uptrend signal at play, and potential to rally over the Brexit daily low resistance. It wouldn't shock me to see the entire Brexit range erased in the coming months. I would reccomend entering longs gradually, if not in, or adding to long positions on set backs. Keep a wide enough stop loss and off you go.
Cheers,
Ivan Labrie.
Comment
⋅
For now, the Pound is sluggish. I would wait for a while longer.
Comments
aandp4life
⋅
Dollar Done...
Cable Run!
Trading is Fun~
mahmutyavuz01
⋅
Thank you.
Do we set a stop loss?
IvanLabrie
⋅
@mahmutyavuz01, yes, if you are entering here, give it a 90 to 270 pip stop loss from the first entry...then add to it during 3 days, using the same stop. Try to add on dips.
The total risk should not exceed 1%.
@ploskyx3, Feel free to sell it. I disagree, but it isn't a problem.
One thing, flags, are a trend continuation pattern, not reversal. That being said, I don't use them.
Have you seen any of my other publications? (I use a proprietary strategy, unlike what most do).
Cheers.
Cable Run!
Trading is Fun~