Pair has been bullish the past few weeks resulting in some nice previous opportunities to go long. Pair hit 157.430 yesterday and has had a pullback in de Asian session. My first entry was at the touch of the 50% Fibonacci retracement level which aligns perfectly with the order block created on the 1H chart. We might get a deeper pullback, which will allow me to get in with a second entry.
Fundamentally I am bullish on the Sterling with the certainty of an increase in interest rates this year.
Fundamentally I am bullish on the Sterling with the certainty of an increase in interest rates this year.
Comment:
75 pips in profit, trade is going exactly as predicted. We might see a small pullback on the lower time frames before reaching our target.
Trade active:
95 pips in profit, taking a % off the table here.
Trade closed manually:
Closed a % yesterday at 95 pips in profit, moved SL to break-even as well which got hit this morning.