[GBPUSD] WAITING BoE ANNOUNCEMENT

Simple update of our bullish setup (see below). Tomorrow is expected BoE announcement, and we expect the volatility on markets. Here, we will manage our position "step by step". Follow us!!

MONEY MANAGEMENT: TWO STRATEGIES

- Stop loss at breakeven (around 1.2220)
- Stop loss below low (double bottom pattern)

Do not forget: "the most important thing for a trader, is not the target, but knowing how to manage the stop loss!"

Our Plan Setup:

Thanks for your support and trade with care!

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Good Morning Traders!
Yesterday we talked about Money Management (STOP LOSS), below here, thanks to the most important TradingView tool, we show the relationship Risk/Return on our setup:

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BREAKING NEWS: www.bloomberg.com/ne...over-article-50-vote

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Trade closed: target reached:

We closed part of our position (Long) and we keep other portion with goal in TP2. We think likely, there could be other opportunities for intraday trading. If you interest about that, Subscribe to this idea/analysis to remain updated on the next step!
Thank you for your support and trade with care!

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We currently do not know when there will be the "consolidation phase", but the dynamics will make us understand, how far the pound will go in the medium term, and our economists friends know well what I mean. The monetary policy decisions, profoundly affect the currency, and Carney, it confirmed our expectations about inflation in the medium term.

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DOUBLE BOTTOM TARGET

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Honestly, we thought to receive some greater appreciation, but as often happens, we were wrong! :) So next week, we will not publish our analysis, but we'll just look at you, so good luck to all!
That said, we encourage you to be cautious, because the elections are an important event and they will surely bring volatility in the markets. If Clinton will win, or if will win Trump, is not very important, we are traders, not political, the only thing that interests us is the "price." :)

Good week everyone!!

Trade closed: target reached: