I am 50/50 about this trade. As much as im seeing shorts since GBPUSD has been on quite an uptrend since sunday open. I just got in buys trading with the trend until the market is ready for sells which should be coming up tonight (london) or the next day-days.
Im already in sells currently 20 pips in profit on my first trade and second trade I just entered. Once TP gets hit that's 80 pips secured.
As I mentioned on my prior trade idea if price did come back down to the major QPL I would be looking to re-enter and still looking for buys, Lets see how this one plays out.
Already in the trade, shooting for 40 pips. The reason im buying as you can see we are still on an uptrend, on the 15 minute market retested off the 1.09100 twice, lets see if it does continue to the upside. If not price could drop to the 1.09000 (MQPL) retest off of that and keep going up and by any chance that happens that's why my stop loss is about 2 pips...