GBPUSD Head & shoulder

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD Head & shoulder

Neck 1.3010 was broken on Friday

Next Monday We can buy the pull back
and aim 1.3300


Where do you recommend setting our SL?
+17 Reply
chuminh222 Distin7V
@Distin7V, below the neck line (1.3)
+3 Reply
@Distin7V, 1.2995 is good
GabrieleB14 Distin7V
@Distin7V, i would't risk that much. Volatility looks quite high, i set my limit order at 1.315, with TP at 1.33 and SL at 1.2905 (below the low of friday candle). Like this we have more margin and still the P/L is almost 3:1. i think with really short SL like 1.30 we really risk to get stopped before the price start shoot.
dap042s GabrieleB14
@GabrieleB14, New to trading. Would you only enter trade on retest of 1.3? Or would you enter now? Liked your comment. Thanks
Geosy Distin7V
@GabrieleB14 u still thinking that gonna work?
@Geosy, it could. Candle today looks uncertail, with a doji we can think about it. I got stopped doh i don't think i will enter again soon. Remember the high volatility if u trade guys
Still holding on to the last GBPUSD trade.
+5 Reply
P-Lee jiajun85
@jiajun85 That’s a lot of holding.
+1 Reply
As usual a flop signal. Even a single post of yours didn't happen. Sad!!
+3 Reply
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