IT ALWAYS LOOKS SO NICE AND NEAT TO PLOT A TRADE LIKE THIS BUT TRADE IDEAS LIKE THIS ONLY WORKS FOR THE PATIENT TRADER. ESPECIALLY ON A PRETTY CHOPPY PAIR LIKE GBPUSD.
ANYWAY, I PLAN TO WAIT FOR A BETTER DOWNSIDE PRICE TO GO LONG AGAIN. HAVE HEARD A LOT OF TALK ABOUT 1.48 BUT MY ENTRY IS AROUND 1.49. NEEDLESS TO SAY, BUT THIS PAIR IS A SELL FOR ME UNTIL I GET MY PRICE AND EVERY TIME PRICE BREAKS UNDER THE DAILY AND WEEKLY PIVOT LINE I SELL.
THE 4 DIFFERENT TP LEVELS ABOVE HAVE TO MAKE UP FOR MY INITIAL 300-ISH INITIAL STOP LOSS AS WELL.
AS YOU CAN SEE ON THE DATE RANGE BELOW THIS TRADE MAY TAKE SOME TIME TO UNFOLD.