GBPUSD Long Trade Setup

A bullish opportunity recently presented itself on the pound-dollar trading chart. This follows from the bullish harami candlestick pattern which printed just above the 1.14000 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 1.22956 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.


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GBPUSD

Operación cerrada manualmente:

Even though I manually closed this trade without it reaching the target, I still made a good return on it. I closed the trade as a risk management measure since I have two current trades involving both the pound and the dollar. My setup, however, is still been maintained by price.