GBPUSD Long - Trend Analysis
The Chart shows a trendline connecting consistently higher highs starting from April (in the daily chart). and two lines showing a resistance, the previous high observed near the end of February.
The Entry trigger was double bottom observed in the 4-hour timeframe with some bullish confirmation, close to the mentioned trendline.
Stop loss put in place considering Support Level A and the trendline. Take profit at the close of the previous high, which has provided some resistance in the past.
Comments Welcome!
The Entry trigger was double bottom observed in the 4-hour timeframe with some bullish confirmation, close to the mentioned trendline.
Stop loss put in place considering Support Level A and the trendline. Take profit at the close of the previous high, which has provided some resistance in the past.
Comments Welcome!
Trade fermée: cible de profit atteinte
Seems my profit targets were set a few pips too high. I'll keep the trade open and see how it plays out. Do I still get to consider this a "Winning Trade"? XD
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.