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Greenred
Apr 22, 2015 8:32 PM

GBPUSD Long on 4h Long

British Pound/U.S. DollarFXCM

Description

We broke the previous resistance zone and now it becomes support.
It can come back to retest the zone, so stops should be below that zone.
Fist target - 1:1 risk reward, or the resistance zone 1,52370 which gives risk reward 2:1
Once first target taken the stop of second trade goes to break-even and we keep the movement as far as it goes until we get an engulfing candle on 4h chart.
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