FX:GBPUSD   British Pound / U.S. Dollar
Oversold, Holding on Daily Pivot + Fib level 50%, Our target from here is 1.347, Will Stop Loss if price reach under1.339.
Comment: Stop loss can be placed below 1.339, you can take profit at 1.347 at FIB 50%
Comment: Our target is 1.347 ( around +50 Pip)
Comment: Testing The fibonacci 50% again
Comment: Our stop Loss If reached would be below 1.339 ( -20 PIP)
Comment: My original Plan was shorting GU, as you can see in my previous post, but I am looking for a correction here, this trade will remain active during the news.
Comment: Price is trying to break the daily pivot and this 50% fibo level Let's see
Comment: Extending Stop loss to let the chart Breath during the news, use logical stop losses, and manage your risk % and balance.
Comment: Daily Pivot is Broken, you can stop loss now ( -13 pip)
Trade active: Holding position
Comment: With same target
Trade active: 1.3394 supposed to hold, if not we will reach 1.337
Trade active: Hold!
Comment: If you Closed your buy trade, you have another chance to buy again, of course with good money management.
Order cancelled
Comment: This correction will take it's time and will happen next week, closed trade.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out