The USD/GBP Easy 40 Pips a Day Strategy

FX:GBPUSD   British Pound / U.S. Dollar
Hello, Trading View,

Here is my opinion on how to trade this pair for the day. You will notice that the daily high for the previous day is almost line line with the next. Same with the low.

So 1 strategy (IMO) is to open the trade at the daily high price(1.35976) and then trade short until you reach the daily low price (1.35125)

The other strategy is just text book. And IMO you should be able to do it this way:

Open: 1.35976

Target 1: 1.35125
Target 2: 1.34631
Target 3: 1.33929

Stop-Loss 1: 1.36384
Stop-Loss 2: 1.36869



Be Sure to follow me on Zulutrader (StopLoss123) and I will watch the trade for you.