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GBP/USD Long H4

by John F, August 19, 2021

EUR/USD M1 Demand, Price Action, Indicators

by John Fraine August 19, 2021

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GBP/USD

|

Long

|

H4

Timeframe:

H4

Analysis Method:

Demand, Price Action, Indicators

Analysis:

GBP/USD I just went long .1 Lot on this pair at 1.3644. SL at 1.3584 (60 pips), TP. at 1.3724 (80 pips)
GBP/USD is a bit extended to the downside and at previous demand on 7/21/2021 as easily shown on the H4 chart. Stochastic and reading oversold

Trade Plan:

Presently long, SL and TP set. Manually trail SL to break even when as the trade goes in the green

Risk Management:

.6% on $25k account

Things To Watch For:

Price movement to trail stop

LEAVE YOUR COMMENT HERE:

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    1. Hello Jesus, I am great thank you. I hope you are good. My entry confirmation on this trade is the previous demand on 7/21/2021 as seen on the H4 chart. Stochastic in oversold territory

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