GBP/USD Parity: Leveraging Favorable Risk-Reward Dynamics

١٤ أغسطس ٢٠٢٣

I intend to initiate a short position from this zone, targeting a risk-to-reward ratio of 1:1. However, the probability of success seems remarkably high given our current circumstances, even suggesting the possibility of adjusting my stop loss to augment the position for the 1.231 area. Time will tell.

١٤ سبتمبر ٢٠٢٣

ملاحظة

Closing half of my position on GBP/USD here and keeping the rest for the TP zone. Still in the trade but taking some money off the table.

١٤ سبتمبر ٢٠٢٣

ملاحظة

I'm moving the stop loss for the other half to the entry zone

٢١ سبتمبر ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

I've closed the remaining position here and I'm looking for a long entry zone, probably another small move up for DXY and then a pullback. GBP looks pretty good, so I'm confident it's one of the pairs that will have a serious bounce