OK, as my daily bar comes to a close I've opened the following trade...
GBPUSD long from 1.9977 (s/l initially 1.9944) Stop loss is a tricky one to place & I may give it up to 50 pips to 'breathe'
Reason for trade - risk is low at just 33-50 pips and it is approaching it's rising trendline on the daily charts going back to mid October 2006.
Let's see how this one plays out - market is a little unpredictable to say the least at the moment.
Kind Regards
Steve
GBPUSD long from 1.9977 (s/l initially 1.9944) Stop loss is a tricky one to place & I may give it up to 50 pips to 'breathe'
Reason for trade - risk is low at just 33-50 pips and it is approaching it's rising trendline on the daily charts going back to mid October 2006.
Let's see how this one plays out - market is a little unpredictable to say the least at the moment.
Kind Regards
Steve