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peakbroker
Sep 20, 2020 8:56 PM

GBP/USD Weekly Forecast (21th September - 25th September) Short

British Pound/U.S. DollarFXCM

Description

I see several swing trade opportunities this week, this is one of them. On the GBP/USD pair, the price bounced at a strong key level, which also coincided with the EMA 200. Currently, a great risk-reward trade is opening up in the short direction. There is also a key level between our target price and the current exchange rate. When the price reach this level, set the trade to BE.

Comment

Secure 100 pip profit, move SL to 1.2850, above the new key level.

Trade closed manually

Price hit the modified SL, 100+ PIP profit.
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