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Trading2ez
May 25, 2021 8:54 AM

GBP/USD BUY IDEA Long

British Pound/U.S. DollarFXCM

Description

Hey tradomaniacs,

welcome to another trading-idea!

Please note that fundamental circumstances are pretty chaotic and market can be volatile or reverse quickly!


GBP/USD: Daytrade-Execution

Market-Buy-Order: 1.41790
Stop-Loss: 1.41620

Point of Risk-Reduction: 1.41970
Take-Profit: 1.42290

Stop-Loss: 17 pips
Risk: 0,5% - 1%

Risk-Reward: 2,90




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Peace and good trades
Irasor

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Comment

BP/USD: Trade closed -17 pips (-1%)

Sudden pump up to the resistance of DXY! Going to re-enter GBP/USD as the downmmoves are happening with declining sell-volume, which is often an evidence that this is not a valid one.



GBP/USD: Daytrade-Execution

Market-Buy-Order: 1,41440
Stop-Loss: 1.41310

Point of Risk-Reduction: 1.41845
Take-Profit: 1.42290

Stop-Loss: 24 pips
Risk: 0,5% - 1%

Risk-Reward: 3.0

Comments
StevesTradingV
Perfect analysis, well done mate ;)
MMBTtrader
nice signal and i think a little correction here is needed
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