Thought I'd share a GBPUSD Long Trade which I have just discovered which has some significant potential to materialise over the next couple of days.
Due to the developments in preventing the proroguing of Parliament, the pound should see a relief bounce. I am hoping this takes us back to $1.27 ish.
The position is quite small worth 2500 and the stop loss is 50 points away - although if I detect the trend line break earlier, I could act more quickly to stop losses. The TP is further away at 100 pips at the moment. However, this will swap to a trailing stop once we cross the 1.26 handle.
The image is shared below. Please let me know your thoughts.
The trend goes back to the 25th of June and has held since. Initially a resistance and now support.
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