So a very similar trade to our last one which was posted earlier: (What goes up must come down) & (Lets try again).
So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21.
The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine push' headline news.
But as we can see here the price hasn't yet pushed up as far as our . Now if price carries on to be and continues to push upwards with momentum and break through our then we will more than likely hit Stop loss. (Worse case scenario)
But from analysing the chart i believe that we could potentially see momentum and see price drop as far as 143.300
im going to keep a close eye on this as im currently in a few other trades at the moment and if i decide to take this one then i will update this post as of when! KEEP YOUR EYES PEALED GUYS! we're going to make big moves before the end of this week!
I took a quick £50 profit off a pull back... these were personal trades that I took.. none of which were sent to the Forexinsightsuk telegram group. Therefore I was aware of the risk I was taking and I was happy to win or lose on these trades as I only risk 1% of my capital.. so no biggy. And that’s ok Im not overly keen on the idea of you following me anyway, So good shout.