in , ,

Pound trade offered good risk reward l closed all at 1.3980

Blue double exposure of money coins stacking with bar graph for financial and investment business concept.

Forex Risk Reward </head> Hi Readers,

Usd/canadian dollar trade is still looking for a direction and tested 1.2430 area twice and made a high of 1.2490 but I would like to remind you about the last trade of Gbp/usd where I went long around 1.3810 area & took first profit around 1.3888 where I closed half & now I am closing all the positions around 1.3970.

Take a look at the post here Gbp/usd long trade

Total profit of 170 pips with a 35 pips stop is good enough trade specially when lot happening around at the start of new year.

Moving ahead for next trade of gbp/chf

I have posted chart of gbp/chf for your reference and recent rally looking good as it is carrying momentun but has not really went in complete control due to weakness of usd/chf.

I will post an update soon if price start reacting at 1.3310-40 area.

What do you think?

Written by admin

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

Euro bulls have not finished yet look to add more longs

What is the Forex free market?