DAILY CHART LONG ON GBPUSD
So taking a simple technical trade on GBPUSD Long due to the daily candle hitting the trendline indicated on the graph.
Please note I am not taking in fundamentals into play and have reduced targets because of the "interesting markets" at the moment. I'm also aware that the Weekly GBPUSD looks more bearish.
Hoping for a bounce 1.5545 for TP1.
I will be trailing the stops closely once approaching TP1 due to locking in profits and the additional risk in the markets at the moment.
Let's see how it plays out.
Comments always welcome.
So taking a simple technical trade on GBPUSD Long due to the daily candle hitting the trendline indicated on the graph.
Please note I am not taking in fundamentals into play and have reduced targets because of the "interesting markets" at the moment. I'm also aware that the Weekly GBPUSD looks more bearish.
Hoping for a bounce 1.5545 for TP1.
I will be trailing the stops closely once approaching TP1 due to locking in profits and the additional risk in the markets at the moment.
Let's see how it plays out.
Comments always welcome.