wuweitrader

GBPUSD - 60 minute Trade

Long
FX:GBPUSD   British Pound / U.S. Dollar
1
Trade taken at lower median line parallel. I decided not to place my stop-loss below the c-pivot, even though my r:r would still be over 3-to-1. Instead, I put it below the horizontal multi-pivot line, and this was due to the size of the stop, since I prefer not to take a 30+ pip stop on an hourly chart. The target is the median line, though there is a down-sloping median line set at work as well, that I will be keeping an eye on (but I do not believe that that is the active set for now).

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