The previous chart showing this trade setup (along with the majority of my other charts) were hidden/deleted due to accidentally breaking the rules with my descriptions. Sorry guys!
I'm re-posting it since it was still on my screen... Black line is entry, green line is initial TP level, red line is SL.
I don't know how much of a demand there is for me posting here. I'm not sure if anybody other than those who are connected to me via other channels are even able to view these charts as visibility is skewed towards those with thousands of followers on the home page... So I'm unsure if I will continue posting. Maybe occasionally, I'm not sure yet... You guys know you can always PM me to discuss trade ideas though or ask for friendly advice.
But anyway, this is fairly safe, low risk trade. Enjoy.
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Price is at a crucial point. We must break under this area to reach our initial target. I have added a purple line as a more dynamic target - The horizontal green line that represents our target is taken from this purple line (taken from daily chart) and is placed based on the timing that we expect price to reach this dynamic target.
Taking some profit at the current price point may be smart and/or moving SL to break even or even within profit. This depends on how well you are doing overall on your trades this week. Locking in some profit may be beneficial if you are lagging behind your daily/weekly pip goals.
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Initial target reached. Correct timing and everything. Well done to all who were in this trade with us.
Hi @Renforex , just came across your chart after searching for GBPUSD info...in regards to "....I don't know how much of a demand there is for me posting here. I'm not sure if anybody other than those who are connected...."
I just wanted to say that Im new to reading your comments, and most likely will now follow you on your other channels if you decide to stop posting here.
All in all, Im a humble beginning trader and appreciate you break down analysis to pickup a better feel of chart flow and stuff...be well and my best bud
I just wanted to say that Im new to reading your comments, and most likely will now follow you on your other channels if you decide to stop posting here.
All in all, Im a humble beginning trader and appreciate you break down analysis to pickup a better feel of chart flow and stuff...be well and my best bud