$GBPUSD - The last push

We will be looking at a buy opportunity in the market for GBPUSD.

As it is shown on the chart, we are waiting for a retest of the support level and then head towards the 1.316 area.

We will be risking a maximum of 3% for this trade.

The Risk to reward ratio is 1:3. So we are risking 3% of our account for 9% growth. (Personally, I'm not a big fan of TPs, cause I don't want to limit my gains but I always use Trailing stop loss and partial closure to maximize profit.)

I will update you guys with the results asap.

Mr. Grateful :) x