Good morning all. Happy to be ending the trade week on a positive not on the EURGBP trade we are in. Price has broken out of the bearish channel and created a higher high. Smashed past TP1 and we are about to hit into the TP2 zone. The way you manage this trade is now up to you, as you can see I have set my SL into profit under the last swing low. I closed half my position as per the last instruction i released. Now I will leave it to run to either hit TP3 hopefully. NFP today may help us to hit this goal if it comes out bearish for USD. Enjoy the weekend all, I will revisit this pair again next week to see how we progress. GLIYF
Good morning all, last day of the trading week so just checking over our EURGBP trade. TP2 has been HIT!! As you can see we pierced through the supply zone for a moment and got a rejection. Seems we may need to gather more demand before we break through and reach TP3. I would like to see price gather support here from what was the previous high we broke whilst creating a higher low and then go for the next push north to break the supply. If we get that price action then I will move my SL up to the higher low made level and continue to hold. We have peaked at 333 pips on this setup which is 10:1 R:R and also already banked profits at TP1. Now just running a risk free position which we continue to manage. Hope everyone had a good week, the overall trading markets have been mental recently. Always remember to manage your risk, will update again next week. GLIYF
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Good morning all, happy to report today that our patience has paid off on our EURGBP trade. The runner that was left open has now hit TP3 zone. It did take a little longer to come to fruition, but the trend was always being respected so that's why we left the remainder of the trade open. If you managed to hold the entire original position then congratulations. Currently we are 400+ pips in profit! As you can see I have now moved up the SL on the position to the last swing low on this current trend. Let's see how far we can take it!! If you want to take all profits then that is also fine, enjoy the pips. Will update again next week upon more movement. GLIYF