'GBPUSD - Sell limit @ 1.31509, SL @ 1.31730'
I have taken half of my lot size on this at a 1:1. You could leave the rest until 1.31020, or leave the rest to ride it out using suitable trailing stop methods. Supply is there no doubt about it but it could go up further to find more so it is finding the balance. I will personally be taking the rest of my profit at 1.31020 (if it moves that far) and not moving my stop loss. The stop loss was hard to pick for this particular trade but a 1:1 atleast had a very good probability of eventuating, which it has.
And senanata if you are new to forex I would highly recommend checking out the babypips forex school. It is very good and most of all enjoyable.
I have taken half of my lot size on this at a 1:1. You could leave the rest until 1.31020, or leave the rest to ride it out using suitable trailing stop methods. Supply is there no doubt about it but it could go up further to find more so it is finding the balance. I will personally be taking the rest of my profit at 1.31020 (if it moves that far) and not moving my stop loss. The stop loss was hard to pick for this particular trade but a 1:1 atleast had a very good probability of eventuating, which it has.
And senanata if you are new to forex I would highly recommend checking out the babypips forex school. It is very good and most of all enjoyable.