GBPUSD - 1 HOUR Trade LONG - 5 TO 1 WIN VS RISK

Hello all - DuncanForex here with another trade idea

With GBPUSD cycling higher on the 1 hour chart - although it is against the trend - I am looking to trade it back to resistance.

On the 4hour chart it has printed a nice inside bar and the high of that candle as already been broken.

I am expecting USD weakness now certainly until month end as we head to the FOMC date.

I have places a buy stop just above this area so if it does cycle higher - I will be in.

With AUDUSD heading higher overnight as planned, I am looking to add to my positions on correlated USD pairs.

thanks for looking at my idea

Duncan

Transaction en cours:

TP 1 & 2 hit at 1.2495 and 1.2540

Transaction en cours:

potential for more entries following the bounce on support