GBP/USD Has established a bit of upside momentum and we are now ready to put in some trades. We are going long and are ready to buy the pound inside 1.31700-1.31820 area. This trade has a good conviction rate and even better risk reward ratio, like we always try. Drumroll please.... 5:1 Ratio for the risk/reward. Unless we get some negative fundamental update from brexit, we should be hitting those targets before the end of this week. Happy trading, Go #WOLFPACK !!
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Our stop loss has been hit, this trade broke our winning streak but as said stop loss was tight so we are still up around 10-20 pips for the week.