FX:GBPUSD   לירה שטרלינג / דולר אמריקאי
Open trade from this morning currently locked in at 1:1. Strong bullish momentum set on the hourly showing higher highs and higher lows. I decided to monitor this double bottom on the 30m as I believed price would not come back to retest previous structure as we had a strong wick rejection on the hourly. As you can see price faked out before breaking back in with a strong engulfing candle. As soon as I saw this candle I knew I had to take the trade. My stop loss range exceeded my maximum set on my trading plan so I had to set a buy limit to keep the trade under 20 pips. Luckily this gave me a much better entry.

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