Sharing my Premium Trade Plan here;
All Trades can fail therefore a strict Stop Loss is always intact.
My Trade Plan is to Long GBP/USD on Daily Time frame thereby I will not be worrying about small volatility that exists. Risk to Return Ratio is 1:7.5
Note: Do your own analysis before taking the trade.
Buy/Long: 1.31916 - 1.32145
SL: 1.31548
Target zone: 1.34743 - 1.34896
Reasoning: A strong pull back is due so I will be taking advantage of it.
Indicators used: EMAs and RSI.
All Trades can fail therefore a strict Stop Loss is always intact.
My Trade Plan is to Long GBP/USD on Daily Time frame thereby I will not be worrying about small volatility that exists. Risk to Return Ratio is 1:7.5
Note: Do your own analysis before taking the trade.
Buy/Long: 1.31916 - 1.32145
SL: 1.31548
Target zone: 1.34743 - 1.34896
Reasoning: A strong pull back is due so I will be taking advantage of it.
Indicators used: EMAs and RSI.
