Hello traders around the world !
Going to continue the analysis on GBPUSD.
I am currently running at 10% on this trade and locking / securing / moving my SL @ 8% (1.12500) below 1H correction + below rejection line. I am giving the price an area to move freely and range in this area because its on a rejection line & the price might reverse to the downside.
The price might be forming a bullish correction in this area signaling more upside movement.
In any case, I am now relaxed & waiting for the next scenario in order to see if I execute a double position or if I'll be out and secure 8%.
NB: THIS ANALYSIS IS NOT MEANT TO PLAN A NEXT TRADE.
Patience is key.
#ThePrimes
Going to continue the analysis on GBPUSD.
I am currently running at 10% on this trade and locking / securing / moving my SL @ 8% (1.12500) below 1H correction + below rejection line. I am giving the price an area to move freely and range in this area because its on a rejection line & the price might reverse to the downside.
The price might be forming a bullish correction in this area signaling more upside movement.
In any case, I am now relaxed & waiting for the next scenario in order to see if I execute a double position or if I'll be out and secure 8%.
NB: THIS ANALYSIS IS NOT MEANT TO PLAN A NEXT TRADE.
Patience is key.
#ThePrimes