PathaanKhan
Long

GBPUSD - BUY OPPORTUNITY

FX:GBPUSD   British Pound / U.S. Dollar
Looking to BUY GBPUSD in BUY AREA and to close trade in TP AREAS (30+ PIPS)
Looking to target price area 1.284

- Enter on reversal pattern
- Do not enter on bearish break through of buy area with strong momentum



Trade Safe
Oct 16
Trade closed: target reached: TP AREA 1 HIT
30+ PIPS
Oct 16
Trade closed: target reached: Target Price Area 1.284 Successfully Hit
100+ PIPS BANKED
Is it now going for the TP2? Where do you normally keep the Stop Loss?
Reply
PathaanKhan fahimster
@fahimster,

When in 30-50 PIPS profit, SL is moved to BE to protect trade and ride risk free to target area 2 if price is showing strong momentum in your favour.
However SL is also moved to BE when in 20 PIPS profit or trade completely closed in 20 PIPS profit if price shows loss of momentum or reversal etc

Depending on market conditions, trade can be either fully closed when reaching TP AREAS or simply close between 50%-75% to secure profit & margin and move SL to BE to ride risk free to TP AREA 2.

However SL is managed according to what suits an individuals risk management.

Hope that helps.
+1 Reply
fahimster PathaanKhan
@PathaanKhan, thanks so much. Your calls are quality by the way. Thanks for sharing with us.
Reply
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