GBPUSD Long Stop Entry Order

22 בפבר׳ 2017

With strong results in the UK and the US the pound has continued to fall against the dollar as people are more concerned over the Brexit rather than Trump, I believe we are coming out of a downward trend and we will see the GBP break resistance and continue up to either the 0.5 fib or 61.8 fib from the trend at the beginning of the month. I believe 1.243 is a good open order and look to take profit at 1.252 TP1 and 1.256 TP2.