Smaller scale chart of previously posted GBPUSD buy limit opportunity
Comment:
Price bounced beautifully of our buy zone, the big move was motivated by USD weakness combined with statements from BoE's Carney that stimulus program will slowly be reduced.
Trade active:
Stops now moved to 1.28 and 50% of profits have been taken off. We are waiting for further bullish continuation.
Trade closed: target reached:
GBPUSD hit our target so we closed another 25% of our profit. I see a new dollar weakness trend beginning so I will still hold off on some of our positions for another wave upwards.