GBPUSD Trade idea's

bax699

Well-known member
Good morning all, had people ask about adding in GBPUSD to the portfolio of pairs. So today I have taken a buy from this demand zone . Price has been bearish of late, but we have seen some buying pressure come in on this pair at this weekly demand zone where price sits. We got two 50% candles formed right on the zone, second being bullish so that was the signal to buy for me. I am aware the trend is still currently bullish , so this could be a buy to sell. Aiming for the supply zone above, or when price meets the moving average. nice amount of R:R on offer buying from here. Simple trade to take on this one, we can afford to adjust the SL if we need to. GLIYF


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bax699

Well-known member
Good morning all, little update today on the GBPUSD trade taken. Since the buy in we have seen price move ion our desired direction to the upside. We have peaked at 263 pips in profit which is a 1:6 R:R. So by now you should of moved your SL to at least BE or into some profits to secure some pips. Currently we are experiencing a pullback in price. Hopefully the demand zone created will hold for continuation to TP. If it breaks then make sure to close for profits. Keep holding for now, but keep a watch out. GLIYF
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