Hello trades, Today we have ourselves a GBPUSD Update. This update relates to my previous GBPUSD idea which hit my Stop Loss level, however losses are apart of the journey of a trader and the key is to loose around 4x less then your profit. This tends to be the RISK:REWARD ratio.
I have set 2 Take profit zones for this trade, The first profit taking area is at 90 pips at 1.36 in the structure level and fib level Our second profit taking area is at 160 pips at 1.367 And final TP is full 260 pips
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Trading ditutup: stop tercapai
Price broke through the strong structure zone, we can see this structure zone being retested indicating downward momentum. Will stop looking for GU buys until market is cleaner.
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