GBPUSD Quarterly Bull Rally Resumes To New Monthly Highs
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 closed manually:
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
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