Quite aggressive entry into this trade!
Took the entry on the break of the 15 minute chart of a channel I have been watching. GBP had some bad news in the press today due to lower construction figures which pushed the price down earlier in the day but now hoping the break of the channel helps continue the daily down trend.
1st TP: 1.89517 (low from a few days ago now forming support)
2nd TP: 1.89024
Will move stop to break even once first TP is hit.
4.1 Ratio
Let's see..
Took the entry on the break of the 15 minute chart of a channel I have been watching. GBP had some bad news in the press today due to lower construction figures which pushed the price down earlier in the day but now hoping the break of the channel helps continue the daily down trend.
1st TP: 1.89517 (low from a few days ago now forming support)
2nd TP: 1.89024
Will move stop to break even once first TP is hit.
4.1 Ratio
Let's see..