GBPUSD, 1hr tf, buy position riding Elliott Wave 5th wave
Hello my friends,
Before i start with today analyis i just wanna share that the position for AUDJPY which i posted on Sunday has hit TP.
You can check that post with this link
It's about to hit 2nd setup take profit area for +130 pips.
I already closed it and banked +8% from buy AUDJPY
Back to the topic for today trade idea.
I am going to take a buy position for GBPUSD for today.
For those who followed me from before, they could already noticed the conditions i needed to take a buy positions.
1st condition is price above the kumo cloud
2nd condition is kumo cloud color is green
3rd condition is parabolic SAR below the price indicating buy pressure
Buy GBPUSD 1.2860
Stop loss 1.2800
Take profit 1 @1.2920
Take profit 2 @1.2980
RR Ratio is 1 : 2
Use only 1-2% risk
Good luck
IF you find my post useful, please drop a like to this post and follow me for my next update
Before i start with today analyis i just wanna share that the position for AUDJPY which i posted on Sunday has hit TP.
You can check that post with this link
It's about to hit 2nd setup take profit area for +130 pips.
I already closed it and banked +8% from buy AUDJPY
Back to the topic for today trade idea.
I am going to take a buy position for GBPUSD for today.
For those who followed me from before, they could already noticed the conditions i needed to take a buy positions.
1st condition is price above the kumo cloud
2nd condition is kumo cloud color is green
3rd condition is parabolic SAR below the price indicating buy pressure
Buy GBPUSD 1.2860
Stop loss 1.2800
Take profit 1 @1.2920
Take profit 2 @1.2980
RR Ratio is 1 : 2
Use only 1-2% risk
Good luck
IF you find my post useful, please drop a like to this post and follow me for my next update
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