Here is my idea on GBP/USD buy setup. If we should get a break above this structure area, on the retest I will be looking to take a long for the move up and the completion of the daily move. NOTE: This is part of my RULE BASED strategy NOT THE FULL RULES. My entry will be at 1.41415 my stop loss will be at 1.41145 and my take profit will be at 1.42520. This is not financial advice I'm simply sharing an idea I have. I am not responsible for any profits or losses if you wish to enter this trade the way I am doing. Remember to always use risk management in forex!! And always use a rule based strategy.
Trade active:
Market execution done at break of structure zone.
Trade active:
Going risk free now. Running 1.7Risk to Reward.
Trade closed manually:
Closing with 2 Risk to Reward profit. Welcome to friday where the markets just reverse randomly😂
Comment:
If you still holding it might still hit take profit. I closed because i end the week always early.