Emmanueltrades
Long

Daily box Range strategy.

FX:GBPUSD   British Pound / U.S. Dollar
90 0 6
As we are still trading a Daily box range my position would be buy as we have not broken out. Buy at 1.2930. Should be carried long then fine. If the market should reverse while in profit, i suggest you hedge position and take the low. I can see lower target levels at 1.2895 and lower, determine where to release the hedge. Release at the lowest point, and buy back to your top trade. We as traders should not use stop loss, as it is a target for market makers. This is my scenario.
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