I’m currently in a GBPUSD Long trade (Hourly and 15min charts above). I wasn’t too confident of the set-up, partly due to heavy news releases between 12:15GMT & 14:00GMT. I reduced my risk; but, currently, I’ve moved my Stop Loss to break-even as price moved in my favor by almost the same amount of pips initially risked. So, worst case scenario is no-loss-no-gain.My Entry @ 1.6943 (using the daily pivot between overlapping fibs @ 61.8% ret. & 78.6% ret.);
Initial Stop Loss @ 1.6898;
Primary profit target @ 1.7080.
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