I opened a long cable trade in the Asia session .
Always tricky to trade GBPUSD before the London open. The gap from Friday wasn’t quite filled, which makes it all the more risky. There is talk of an impending inflation data correction in one of the UK newspapers which could spark some buying. I’m still a seller of rallies, yet i like to scalp intraday as you all know by now . Careful with this one as i am going against trend and also against my longer term view.
GBPUSD-15
Intraday targets 1.3127 – 1.3160. ( My entry 1.3084 ) Longer term H1 chart below .
GBPUSD-H1
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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Absolutely a brilliant trade setup. The risk was minimal (9)-pips towards target #1 Risk/Reward clocked 2.85, then target #2 the Risk/Reward figure printed 5.14. Once again! what a fantastic trade setup. Congrats. https://uploads.disquscdn.com/images/f27dc6bd14db018f7c7ac95c83397f28b65b027e4908ff6d8dff5eb77bf161c4.png