I have identified a TradingView idea that aligns with the bullish sentiment surrounding GBP/USD. By carefully analyzing the pair's price action, key demand and supply zones, and relevant indicators, I am confident in the potential for upward movement in the near future.
Risk Management:
While the overall outlook for GBP/USD is positive, it is important to implement proper risk management strategies. Setting a reasonable stop-loss order to limit potential losses in case of unexpected market reversals is recommended. Additionally, closely monitoring the pair's price action and staying updated on relevant news and events will help make informed trading decisions.
Risk Management:
While the overall outlook for GBP/USD is positive, it is important to implement proper risk management strategies. Setting a reasonable stop-loss order to limit potential losses in case of unexpected market reversals is recommended. Additionally, closely monitoring the pair's price action and staying updated on relevant news and events will help make informed trading decisions.
Trade closed manually:
SL was trailed to 2RR and closed after market shifted