British Pound (GBP/USD Forex) Swing Trading Strategy Today, Target: 1.2431 (+3.12%)

Market : British Pound (GBP/USD Forex)

Trade : SELL the Bounce
Entry : 1.2821
Target : 1.2431 (0.04, +3.12 %)
Stop : 1.2931 (0.01, -0.78 %)

Date : Oct 17 (Thu) 04:38 (EST)
Note : GBP/USD rate has risen to the expected level. Now, it's time to sell the British Pound (GBP/USD). The rate is on a downward trend, and will fall again. 1.2327 is a strong support.






Meaning of terms :
BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)

Reference Only. I hope you do not copy above, but hope you get your own better strategies by referring to the above and make good profits.

Simple but Profitable. Key points in real trading are the present and the numbers. There are only practical and strategic figures for swing trading. The simple card format enables a quick response to changes in price action and market condition. Swing Trading is a short-term (days to a couple of weeks) trading method and focuses on taking smaller gains. Good luck and great profits to you.

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