GBPUSD Buy Signal Long

British Pound/U.S. DollarFXCM

Description

⋅ Mar 27, 2017 7:00 PM

DMI indicator confirms trend market conditions and it means that we can trade. Entry level is above 1.2500 with stop below 1.2400. Profit target is at the resistance level.

Trade closed: stop reached

⋅ Mar 29, 2017 6:46 AM

Comments

avenezh63

⋅ Mar 29, 2017 9:37 AM

I think it is right idea.We shall reach 1.27-1.28. But SL=? Maybe SL=1.22

DLavrov

⋅ Mar 29, 2017 9:52 AM

@avenezh63, why not? If you trade for long term such stop level will be logical.

xShaminox

⋅ Mar 28, 2017 9:41 AM

Don't forget fundamentals, tomorrow is news day for GBP

DLavrov

⋅ Mar 28, 2017 11:42 AM

@xShaminox, I don't forget fundamental news, but I don't use this information in trading )

reza_sirri

⋅ Mar 28, 2017 5:01 PM

@DLavrov, are you still long?

DLavrov

⋅ Mar 28, 2017 5:31 PM

@reza_sirri, yes, and I use stop orders for such price movements )

RSW

⋅ Mar 29, 2017 5:56 AM

@DLavrov, Have you been stopped out?

DLavrov

⋅ Mar 29, 2017 6:45 AM

@RSW, yes, because a stop order was below 1.2400. It's a part of trading )