Expecting a buy at support.
I have a tight stop of 25pips with a first Target of 200 (8R) .
Momentum is to the upside but I am a bit concerned that a large portion of charts on this website and in the retail community are now calling this buy. (I recognize the risk of manipulation and will use half of my usual position until a point where I can get Price Action confirmation to enter the remaining portion.
FED Chair Janet Yellen testifying later on, we will see an injection of liquidity which will determine whether I liquidate or add.
Refer to my related ideas to see my overall bias on GBPUSD.
GoodLuck!
I have a tight stop of 25pips with a first Target of 200 (8R) .
Momentum is to the upside but I am a bit concerned that a large portion of charts on this website and in the retail community are now calling this buy. (I recognize the risk of manipulation and will use half of my usual position until a point where I can get Price Action confirmation to enter the remaining portion.
FED Chair Janet Yellen testifying later on, we will see an injection of liquidity which will determine whether I liquidate or add.
Refer to my related ideas to see my overall bias on GBPUSD.
GoodLuck!
Comment:
Going smoothly, remember a real market move will always give you an opportunity to participate at a good price. Don't chase the price if you missed the entry...It will give us another opportunity
Trade closed: target reached:
TP Hit. Cheers to another 100% week my friends
