Looking at GBP/USD Trade

Trading Discussion Currencies
1

GBP/USD Long
Entered at 1.2333, TP at 1.2638

Screen Shot 2022-05-09 at 6.56.27 PM
Screen Shot 2022-05-09 at 6.56.27 PM996×620 41 KB

2

Now trading at 1.2468. It is now above new support.

Screen Shot 2022-05-17 at 4.53.35 PM
Screen Shot 2022-05-17 at 4.53.35 PM925×621 43.1 KB

3

This trade is sitll hanging on. What’s your SL?

4

GU 5 min
GU 5 min1633×657 28.4 KB

This is the current 5-minute chart. If that helps. looks like a distribution area. If it breaks below, I would take my profits and wait, just me.

1 Like
5

Yes! Trade is still going on. My SL is at 1.2190

Current price is at 1.2495

Screen Shot 2022-05-24 at 4.37.00 PM
Screen Shot 2022-05-24 at 4.37.00 PM770×606 33.5 KB

6

Looks like around 1.26 is strong resistance. At least the trade is still on!

7

Just an update that my TP was hit last Friday. Watching this pair for now and looking for a good price to re-enter. Currently at 1.2628
Screen Shot 2022-05-31 at 4.14.15 PM

8

Looking to buy at 1.2570
TP1: 1.2610
TP2: 1.2735
SL: 1.2430

Currently trading at 1.2500
Screen Shot 2022-06-07 at 5.30.46 PM

9

Sadly, I got stopped out of this trade. I will continue to watch it for this week and try to look at other pairs to trade.

10

Hey guys! Bullish Butterfly on H1, gbpusd. :slight_smile:
Lots of harmonics in other majors too. See chart!

11

I just saw your post and checked the link. Nice trade, you’ve reached your target! :clap:

1 Like
12

Waiting on what DXY is doing at the moment to see if increasingly higher time frame structure is getting broken. I feel this could be a short term retracement before DXY goes higher still.