FX:GBPUSD   British Pound/U.S. Dollar
170 0 8
a year ago
I believe this trade requires a very wide stop
because many traders will place their stops
in the same place (below the 2009 & 2001 low).
As a result, I view this trade as very high risk.
Ultimately, I think there are too many conflicting
signals here for GBPUSD             , but probability is a
higher pound from here due to the major level
at 1.39. A long trade like this deserves very little
leverage IMO, which may be counterintuitive.
a year ago
Trade closed: target reached: ! reached
a year ago
Comment: 1 reached*
a year ago
Trade active: Long Entry 2 @ 1.4140

Target @ 1.44
a year ago
Comment: Stop Entry 2 @ 1.4000
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