TheDDReport
Long

GBPUSD Trade Idea

FX:GBPUSD   British Pound/U.S. Dollar
1568 2 0
Hi I would have waited for confirmation that the Pinbar you highlight is not a hanging man. I would have let the trade go for one more day befor entry. A long here is also very risk on, I am generally risk averse at the moment and feel that the potential of this trade might be limited by general market conditions. For the next two days false breakouts are very likely with small volumes and people trying to pure judge the FOMC. I would just take a wait an see approach
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if you look at the big picture there is a double bottom, breaked out before 1 wekk. ;)
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