With our previous ninja entry we managed to secure 55+ pips of profit on the bullish retracement of GBP/USD, Also we predicted more downside (see related ideas) which came just after hitting our profit target from the upside trade. Sterling is looking to make it's second retracement and we are only ready to sell it at the right price, and that is around the 1.3050 area. If the price action confirms this is a retracement than this will be another nice trade to bank more pips this week. If it does not happen before the weekend than we will wait for monday to get more confirmation on Pound's direction. Happy trading!
Trade closed: target reached:
How good is this guys? Please drop me a comment if you are enjoying our Analysis and follow us on instagram, we are without a losing trade this week. Our first profit target has been hit, lets close half of our position with 35pips profit and put the other half on brake even. Flying risk free to the second profit target.
Comment:
Second half of the position has hit brake even. Check out the jump of the price, if you have been with us all week you know where it is gonna stop..
