GBPUSD LONG TRADE AFTER NEWS

On GBPUSD, we have a bullish setup based on today's Sterling data. I already have a short trade on this pair following another strategy, in which I'm exposed by 0.5%. In this long position, I'm exposed by 1% as it follows an additional strategy. However, I will close or cut the losses on this position if the entry candle, or the 10 candle, closes below the support level of 1.2616. Otherwise, I will keep it open and we will see how the situation evolves this afternoon with the US data. It would be fantastic if you shared your opinion and left a like to support our work. Happy trading to everyone! Danicola, CEO of Forex48 Trading Academy.