GBPUSD [Pending Long correction]

Long Setup
- Long Stop
- Higher timeframe supports H4 and Daily
- Enter market when it break the entry level

Setup Entry #1
- Entry: 1.21927
- SL: 1.21640
- TP1: 1.22821
- TP2: 1.23721
- TP1 Reward: 3.11
- TP2 Reward: 6.25

Trade attivo:

Activated @ 25 May 2020 21:00

Trade chiuso manualmente:

TP1 closed manually @ 1.22654

Commento:

Second position move to break even.

Commento:

Well TP1 hit anyway a strong hit!
Second position stop move to 1.22030 the low of recent impulse leg

Commento:

I am crazy! I am thinking a positive hedge at this level, take it down until I Long Entry#2.

Commento:

Added a hedge trade while waiting for Entry#2

Commento:

Move 2nd position TP2 to 1.23494 same as the hedge trade Stop therefore if hedge setup break all setup closed!

Trade chiuso: obiettivo raggiunto:

TP2 hit at 1.23494 alone with hedge stop out. total profit of second position down to 1:5 risk:reward ratio included the fees.

Still a good home run trade.