GBPUSD Institutional Long Setup

Normally we wouldn't be looking to buy the GBPUSD with the strength that we are seeing in the Dollar, but there is a lot of confluence here at the 1.242-1.24 zone from our institutional research. We know that institutional traders will be looking to this zone for a bounce so the likelihood of decent volatility at the zone is very high. As usual we will be using a 30-40 pip stop and looking to get whatever we can on the profit side. The trade could be good for 30 pips... 50 pips... 100 pips... who knows, no one does. We take what we can even if it is only 10 pips. Anyone that gives solid targets in their signals is feeding you bullshit. That is NOT how institutional traders trade.

Kommentera:

Not looking like this will play out today... will continue to watch it into this evening and tomorrow to see if price can make it down to the figure.

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That changed quickly... working its way back down right now. If it hits the figure it could be a good buy. Putting an order just ahead of the 1.242 figure.

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Just got entered @ 1.24251.... 30-40 pip stop... Good luck to anyone that took it!

Handel aktiv:

Trade live @ 1.2451...

Trade stängt: Stopp nått:

Stopped out of this one.. this thing just getting smashed.