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Is Cable’s trend my friend this time? I hope so! Last week I told you about my entry at 1.6468. Well, I decided to double up!


I was watching GBP/USD closely last Friday and I saw that price had finally broken above the 1.6650 area. I decided to move the stop of my first position to break even and open another 0.50% at market (1.6694). Let’s see if the breakout leads to a journey above 1.7000!

Here’s what I have so far:
Position 1: 0.50% at 1.6468 – Moved stop to break even
Position 2: 0.50% at 1.6694 – Placed a 200-pip stop loss
Position 3: 0.50% at 1.6860 – Order placed but not yet triggered

What do you think? Is GBP/USD’s uptrend over or should I hold on to my positions?



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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.