Thursday, July 19, 2012

GBPUSD update

We are nicely in profit with the GBPUSD trade we have going at the moment. However, we are in uncharted territory here, so I want to lock in the profits we have. I have set the SL at 1.57046. This is well kn danger of being hit, but hey, it is profit no matter what. The TP is set just under the last resistance point which is 1.7610. This gives us some wiggle room of about 60 extra pips.. not confident it will shoot up, but we shall see! Happy trading, we are in profit on this one, and are guaranteed at least roughly 40 pips. I can live with that! ;)

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