long trade: GBPUSD

Here I present a long trade on the GBPUSD. First of all I would like to point out the level in which I opened the trade. In this earlier post, I have already drawn attention to the level. The basis for the trade was the support-level (light green) and the trendline (dark green). We see that the course could fall into the marked area. Here I have waited for the level to be confirmed and a valid signal . Therefore we look at the 1h-Chart to see more details.

Here we see the 1-h Chart of the GBPUSD. It can be seen clearly that the course has approached the trendline twice and could not break the area. So here was a confirmation for me. At the latest when the course could form a new high. I just waited for a return to get a better entry. While I write this post, the first take-profit has already been achieved and my risk in this longtrade has therefore been reduced. In addition, I could already book a small profit. The stop-loss is still below the last low point and will be moved later. I will keep you up to date.