dionvuletich
Long

GBPUSD Daily Re-entry

FX:GBPUSD   British Pound / U.S. Dollar
84 0 4
Had a tight stop on first position and got stopped out...

However a lower pattern emerged and is still valid so re-entered again at bat level 1.2873 with 3x targets as shown, given the higher time frame picture with the early signs of a Bollinger band reversal I would not be surprised to see this turn into a runner to the upside...

Target 1 is still quite good at 5:1 reward to risk and T2 at 9:1 R:R and final target would make my year at a nice 20:1 R:R
See how it goes, but it's too early to say at this point....
Comment: Target 1 reached 5:1 R:R balance of trade to break even, waiting to see how it reacts at trend line
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