nick.harrington
Long

GBPUSD (Swing Trade) - LONG

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             (Swing Trade) - LONG

Very basic reasons on entering this trade (if it triggers...).

GBPUSD             has been on a solid decent for 7 days and hit a historic resistance on the daily chart . This has left an opportunity for a potential swing trade towards the upside.

Entry set above daily high of the 7 negative day and stops below low of the 7th negative day.

Looking to enter this trade because the high to low price range is relatively low giving me a better risk to reward and not exposing my account to much. Keeping to my 1% risk rule.

Let's see if it triggers.
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