GBPUSD Quarterly Bull Rally Resumes To New Monthly Highs
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I am currently long on this pair.
I got in earlier today during late Asian session at 1.2468 so I am already up +1R but due to TradingViews “House Rules”, I must put a later entry than this real-time post so a solid second entry would be once price breaks above todays current daily highs around 1.2489.
I am going for at least +3R but am willing to take this as far as +6R (“R” is representation of a fixed risk I take, so 1R = 1% risk).
Trailing stops will be used along the way with future updates.
The pattern that triggered me in along with the solid context was a northbound trend continuation.
The prior wave was strong and we’ve seen an acceleration in buying activity in the last 2-3 rallies up.
I will get out if price breaches 1.24548 lows because then the trend will be in conflict of either reversing or going into some extended chop.
I got in earlier today during late Asian session at 1.2468 so I am already up +1R but due to TradingViews “House Rules”, I must put a later entry than this real-time post so a solid second entry would be once price breaks above todays current daily highs around 1.2489.
I am going for at least +3R but am willing to take this as far as +6R (“R” is representation of a fixed risk I take, so 1R = 1% risk).
Trailing stops will be used along the way with future updates.
The pattern that triggered me in along with the solid context was a northbound trend continuation.
The prior wave was strong and we’ve seen an acceleration in buying activity in the last 2-3 rallies up.
I will get out if price breaches 1.24548 lows because then the trend will be in conflict of either reversing or going into some extended chop.
Trade chiuso manualmente
If you are still in this then proceed with caution.I have closed out at break-even with a potential to gain +4R earlier today..
I entered a bit late on this setup as I should have been in this long since last Friday.
Over +3R was achieved within a few hours of my entry unfortunately my target was a bit far for this trade and it cost me my potential profit.
I hope you all gained some insight and possible profits from this post as it still went up +3R to +4R from my initial entry. and a bit in the money before reversing at daily highs
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