royschen07

GBPUSD LONG PRICE ACTION

Long
royschen07 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
in D & H4 TF, Price retrace back to Daily Horizontal Level (Resistance broken). In H1, Price was consolidating at the horizontal level. As price broken through the consolidation and close about it in M15, i decided to take a long trade targeting the next H4 swing high R:R 1: 5.5 waiting for price to pull back and take off.
Comment:
Trade hit a 1:1 Risk reward. However, due to CPI news. USD has strengthen. and my trade was taken out
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