timmynorin

GBPUSD (15m) Buying signal with break above monthly res

Long
FX:GBPUSD   British Pound / U.S. Dollar
We have an opportunity to get long with a break and close above monthly resistance. Historically when this has happened the price has retraced for a brief retest before heading up.

Lets see how this pair responds this time, the risk to reward is big enough for taking the risk (for me).

Do your own analysis, we see lots of different opinions on this pair. I follow the signals that the price action gives me, in the end, the most important factor is being profitable over time despite being wrong every now and then.
Trade closed: stop reached: Nope!

Comments

Follow your (tested) rules and you'll be always right!
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