VTGStudent
Long

GBPUSD Technical Long 1.2

FX:GBPUSD   British Pound / U.S. Dollar
Reposted as the tp/sl wasn't aligned with the chart correctly.

Personally, I keep my charts clean and simple. Sellers failed to break the resistance twice already. I believe it will bounce off the bottom trend line to a move higher which will see in longterm 1.300. Once again risking very little. Lets watching this play out.
I invite everyone who views this for their thoughts and feedback.
Thanks
-TK
Comment: Stoploss moved to 10 pips profit.
Trade active: Trade still open, we stick to the rules. If it hits sl then alas however, we don't second guess ourselves our change our bias mid trade. This is the emotional side of trading where mentality really matters.
Trade active: Moving tp to 1.283
I dislike the current market movement.
Was expecting to see a clear and strong bounce from the bottom trend line.
Trade closed manually: Sorry forgot to update, tp hit at 1.283

Comments

just came across this and have entered at 1.28300

Reply
VTGStudent AlexVParkinson
@AlexVParkinson, late entry bro, the later your entry the more risk you endure. See how I entered on the pivotal point below risking very little due to my stop loss, as you entered quite high the pull back may take your stop loss or the trade may reverse. As for now I have my sl locked in profit
Reply
AlexVParkinson VTGStudent
@VTGStudent, yeah I see that now :( still in minus since placed might just close the loss on it! but I do look forward to seeing some more ideas from yourself!
Reply
VTGStudent AlexVParkinson
@AlexVParkinson, no worries always take a lesson away from every trade. Really appreciate the feedback I’m looking to analyse one chart a week. Feel free to message me with any questions :) - TK
Reply
Nice set-up. How did you choose your targets? ... because I'm wondering if 1.285 would be a better 1st target followed by 1.2990.
Reply
Very nice and clean analysis! I like it that way too.

But I would dare to propose following trend rather counting on breakout
as based on my recent experiences of shifting mindset from trying to figure out trend breaking points towards trend following strategy.

Anyway. We shall see how it will work out.

Wish you lot of pips.
Reply
VTGStudent winnie144
@winnie144, thanks for the genuine feedback. My motto is "The trend is your friend..until it bends" Lets see how this works out. Many pips to you too!
Reply

Never go against the trend.
Reply
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