in the previous analysis about this pair I mention my entry price and where my take profit will be, so far the price is going as predicted, have support by the indicator SMAs 50, as per the order flow the market manipulators were buying the gbp, I will take my profit when the price touch the resistance as shown on the chart, and will short it right away with 30 pipis stop loss with target down to 1.23500, my stop loss on this trade was 15 pips.
*** UPDATE***
NOW I TOOK MY PROFIT AND MY PREDICTION THAT THE PRICE WILL DROP TILL 1.23500 IS NOT LONGER VALID, I OPEN BUY POSITION EXACTLY WHEN THE PRICE TOUCH THE TREND LINE AT 1.25150 WITH STOP LOSS OF 30 PIPS (1.24820) MY TARGET IS WELL MARKED ON THE CHART ABOVE
*****WARNING****
THIS ANALYSIS IS NOT A FINANCIAL ADVICE, IS MORE TO HELP / ASSIST YOU IN THE TRADING, ALWAYS USE PROPER RISK MANAGEMENT AND PUT STOP LOSS. THE MARKET IS HARD TO PREDICT, LEAVE YOUR EMOTIONS OUT AND ADAPT / REACT TO THE MARKET
TNX FOR THE SUPPORT
IDIOCRAT
*** UPDATE***
NOW I TOOK MY PROFIT AND MY PREDICTION THAT THE PRICE WILL DROP TILL 1.23500 IS NOT LONGER VALID, I OPEN BUY POSITION EXACTLY WHEN THE PRICE TOUCH THE TREND LINE AT 1.25150 WITH STOP LOSS OF 30 PIPS (1.24820) MY TARGET IS WELL MARKED ON THE CHART ABOVE
*****WARNING****
THIS ANALYSIS IS NOT A FINANCIAL ADVICE, IS MORE TO HELP / ASSIST YOU IN THE TRADING, ALWAYS USE PROPER RISK MANAGEMENT AND PUT STOP LOSS. THE MARKET IS HARD TO PREDICT, LEAVE YOUR EMOTIONS OUT AND ADAPT / REACT TO THE MARKET
TNX FOR THE SUPPORT
IDIOCRAT
