GBP/USD fell into what I call a double zone. First falling into the weekly demand zone and within that a smaller time frame (8 hour chart) demand zone. My entry was at 1.3105 with a stop market order in at 1.2699. I've decided to risk 2% of my account size on this trade and looking to take off 2/3 once it hits 3:1. Dollar has been very strong recently so I may be a bit more aggressive with taking profits. If you like my info guys please give me a thumbs up or follow me. Would love to hear more of your thoughts on my analysis as well. Thanks for viewing guys and gals :)
Trade active:
Entered at 1.2745 August 10th 2018.
Trade closed: stop reached:
Stopped out early. This zone still
Looked good.
Looked good.
Comment:
I know a bit late to update but decided to reenter this trade a couple days ago with an entry at 1.2626 and my stop at 1.2650. Currently up 166% on my initial investment.