Last week I made a huge gain from a sell of GBPUSD. Now we have been presented with a lovely opportunity for a move to the upside inside the same trendines as plotted from last week. Price has fallen back down from where it previously jumped up a little and is now ready to bounce off of the trendline and the zone.
Trade closed: target reached:
1 Trade closed after our first target was hit. Holding out on second target now but after a particularly worrying candle on the 4H I have moved SL on the second trade to 1.3078 to ensure that the second still brings in some profit if price begins to move the other way.
Trade closed: stop reached:
Our moved stop was hit. Nice overall profit. +122 pips on our first trade and then +53 pips on the second. Happy Trading :)