GBPUSD As shown in our pinned analysis, this level was previously considered for a short trade. But after being broken, according to our plan, it has now turned into a buy zone.
We are ready to enter a long position,
but if the price drops below and holds, this level will lose its validity and the analysis will be invalid.
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In the previous setup, price broke our level and hit our stop-loss. But after the breakout, we waited for a pullback and got confirmation. This time, the market went in our favor, and the loss was fully recovered.
has now reached our second reward target (RR 2).
We closed 50% of the position to lock in profits.
The remaining position will be managed with a trailing stop to maximize potential gains while protecting profits.
***** Let the market do the rest! *****
Precise analysis + patience = solid comeback
Trade closed: target reached
After a solid pullback on GBPUSD, we entered a buy position. Right now, I’m experiencing Reward 5—hope you caught it too!If you were in the buy, this is a great area to exit since the market just hit its first major price action target.
By now, most of you know I manage profits using a trailing stop—to let them grow bigger and bigger.
Yes, this strategy might give up some profit… but it also opens the door to potentially unlimited gains.
So, it’s all about your choice. If you're a risk-taker—let it run. If not, Reward 5 is more than enough.
Wishing you all success and green trades!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.