GBPUSD-A Simple Setup that occurs 90% of the time

31 jul 2017

GBPUSD is strengthening in the long term. Here is a nice setup where we can benefit by shorting the retracement till 142.50 & then longing till 148. We can short for now by limiting our loss at 145.60. Once we have reached our target at 142.50, then we can take a long position till 148 again by taking a stop loss at 142.

A very good Risk/Reward Ratio

Good Luck!

All the Best