The GBP/USD pair is currently in a downtrend. Upon analyzing the chart, the price has not yet reached our identified order block; instead, it has established liquidity levels just below the order block. This observation indicates the persistence of an existing imbalance that hasn't been resolved. Consequently, it is likely that the price will retrace back into our identified order block before resuming its downward momentum.
Trade closed manually:
The trade was closed at a price of 1.27304, which results in a profit of 0.34%.
To calculate a 1% stop loss of your balance, you use a lot size calculator.
To calculate a 1% stop loss of your balance, you use a lot size calculator.