Hey everyone,
just wanted to share this day trade from Friday in the GBPUSD pair. We got like 3 pips drawdown when price starts to make the first correction wave. The best point to be short here would be at the top of the divergence, but you cant be so fast every time. Anyway with 1:3.7 risk reward this trade is in perfect shape right now. Stop loss is at break even and we expect price to hit at least the 0.5 fibonacci level on Monday.
...by the way with great risk management holding trades over the weekend is not that much of a problem.
Do you hold trades over the weekend? Comment below.
Wishing you a great Sunday.
just wanted to share this day trade from Friday in the GBPUSD pair. We got like 3 pips drawdown when price starts to make the first correction wave. The best point to be short here would be at the top of the divergence, but you cant be so fast every time. Anyway with 1:3.7 risk reward this trade is in perfect shape right now. Stop loss is at break even and we expect price to hit at least the 0.5 fibonacci level on Monday.
...by the way with great risk management holding trades over the weekend is not that much of a problem.
Do you hold trades over the weekend? Comment below.
Wishing you a great Sunday.
Comment:
Trade runs in profit
Trade closed manually:
Closing the trade right in this zone right now. Check the next idea to see how we will catch the next swings on GBPUSD.