AndyCharlotte
Short

GU: buy the dip (reverse)

FX:GBPUSD   British Pound / U.S. Dollar
I wanna see GU-this pair reverse from the low area

Here I suggest you a strategy for its:

entry: 1.1316-1.1325
TP: 1.3210
SL: 1.3078

risk/reward ratio = 1/2.55
Comment: My friends. I placed the entry higher because I want to reduce risks that you faced.

However, you can immediately entry if like
Comment: I just see chart and check it out. The entry 1 (1.3115) may be match soon. I guess that we were got additional order that is placed below the entry 1. Hope its can be also matched. And you knew that "no risk no return" rules.

The entry 2 : 1.3095

I 'll keep an eyes on the chart.
Comment:
Comment: all right, as we ecpected the GU pair has moved to lower. I think we should move entry to the entry 2 @ 1.3095 .
Don't hurry. I'll update to you the new situation on the usual basis
Comment: The little positive things is the entry 1 matched . @ 1.3115

Comment: GBPUSD is falling on talk that UK PM May is close to sacking international development secretary Priti Patel .

The the entry @ 1.3195 has matched

But I still want we wait for a short time to a better position . I hope GU to down between 1.3060-1.3075
Comment: sorry due to typing misstake, The the entry @ 1.3095 has matched .

But I still want we wait for a short time to a better position . I hope GU to down between 1.3060-1.3075
Comment: The current move is a strong bear move( daily) . Don't worry. Don't hurry. This daily demand zone is quite an important zone due to the number of sell orders that were entering the market at the time of it’s formation. If the bank traders have caused the market to fall back to the zone as a means of getting more buy trades placed, we’ll start to see multiple swings form with their lows at similar prices to one another when the market enters the zone. For now I think you should continue watching the demand zone closest to the current market price for entires long, as this is the most recent point where the bank traders have placed buy trades
Comment: Those pairs with USD now will be particularly difficult to trade. We can hope that GU will hit lower When is a good opportunity to buy the dip
Comment: Thank Gods. We still got buy order GU @1.3095 . Keep it for a time
Trade closed: target reached: Despite of many unexpected fluctuations we has taken huge profit. If you hear my advise then you can raise a glass and celebrate. Thank you for being there for me during difficult times.
Congarulations!. I am so happy for your success
1.3095 - 1.3180 Total gain = +85 pips

Its on a strong valid uptrend.
Reply
@Jamal92, all right, as we ecpected the GU pair has moved to lower. I think we should move entry to the entry 2 @ 1.3095 .
Don't hurry. I'll update to you the new situation on the usual basis

Thanks you

Andy
Reply
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