Hope everyone has had a great year of trading.
I know I haven't posted here in a while but i'm going back to making a habit of it.
Lets take a breather from GBPUSD and attempt this simple cyclical trade.
An easy 100 pips is up for grabs should price come to our entry point.
Although not entirely recommended, aggressive opportunities exist on the way down, if you can manage the drawdown whilst being true to your own risk management rules then position yourself as price moves down. I know I will :)
The year is over but that doesn't mean risk management falls out of the window. Stay Safe and Good Luck!!! Forex is Risky afterall.
I know I haven't posted here in a while but i'm going back to making a habit of it.
Lets take a breather from GBPUSD and attempt this simple cyclical trade.
An easy 100 pips is up for grabs should price come to our entry point.
Although not entirely recommended, aggressive opportunities exist on the way down, if you can manage the drawdown whilst being true to your own risk management rules then position yourself as price moves down. I know I will :)
The year is over but that doesn't mean risk management falls out of the window. Stay Safe and Good Luck!!! Forex is Risky afterall.
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80 Pips in profit. I have reduced half my position and gonna let the rest run to TP
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Stop at breakeven on open position , i'm paying attention to this approach price action for a bounce at 0.6890. Ill update if I end up taking the sell