GBP/USD trading
- Thread starter nik1033
- Start date
nope, no luck...stopped out @ 1.9977.
i'll consider getting in back long if stabilizes anywhere at or above roughly the 1.9750 area.
As long as it doesn't make it past 2.0060, I'm gonna remain bearish although am stil waiting for a good time to enter...
closed out...The market pushed down to our long entry level on Friday and then rocketed up around 170 points in a volatile session. We did get a close 5 ticks below 9873, so you may have exited your longs. I hope you were able to re-enter if this occurred.
Price closed just above the River level of 9897 so short trades continue to be aggressive.
Long Strategy
If you are long, stay long ahead of River at 9897.Traders can look to set new longs on a push into River at 9897 also. Risk would be an hourly close below 9873. Take partial profits at 9972, then look for 2.0052/70 and exit completely here
Short Strategy (Higher Risk)
Traders can look to set shorts on an hourly close below 9873. Setup on a push back to this level. Risk would be an hourly close above 9897. Take partial profits at 9781, then look for 9700 and exit completely here.
Price closed just above the River level of 9897 so short trades continue to be aggressive.
Long Strategy
If you are long, stay long ahead of River at 9897.Traders can look to set new longs on a push into River at 9897 also. Risk would be an hourly close below 9873. Take partial profits at 9972, then look for 2.0052/70 and exit completely here
Short Strategy (Higher Risk)
Traders can look to set shorts on an hourly close below 9873. Setup on a push back to this level. Risk would be an hourly close above 9897. Take partial profits at 9781, then look for 9700 and exit completely here.