FOREX – GBPUSD (on this Daily Chart) reaches its first Profit Target
As you can see form the chart to the right, the TS3 long (from the March 11 low) has just reached the first projected profit target, where a potential +4.2R Profit was available. Yes this was an Advanced Trade because the TS3 long was taken against a red STF..........
But the reason I liked this trade is that the TS3 (ABC correction) came off the initial correction, to the initial rally, off an important low. For those of you who have read and studied the Trading Course will know that this is my favourite trade setup.
Thanks
Steve
As you can see form the chart to the right, the TS3 long (from the March 11 low) has just reached the first projected profit target, where a potential +4.2R Profit was available. Yes this was an Advanced Trade because the TS3 long was taken against a red STF..........
But the reason I liked this trade is that the TS3 (ABC correction) came off the initial correction, to the initial rally, off an important low. For those of you who have read and studied the Trading Course will know that this is my favourite trade setup.
Thanks
Steve
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