Reversal Trend Strategy GBPUSD – 11th March 2019
Since late February 2019, GBPUSD have been on a steady decline. IN just 2 weeks, GBPUSD declined by 400 pips. 3 sessions ago, the Bear claws sharpened and the pair suffered another big blow dropping by 100 pips within the 4 hour window. For the 3 bars, however, all seems quiet now and the Bears may be due for a rest. According to our Super Forex Launcher Indicator, a reversal might just be around the corner and it’s about right now.`
The Super Forex Launcher drew the support line and price is now sitting on that dynamic support line. So, I think it’s time, we jump into action and predict that a bear revival might be due now. Below is our order…
- Buy Stop Order: 1.29988
- Stop Loss: 1.29600
- Take Profit: 1.30534
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For this time, we will take the advice of the Super Forex Launcher and use the recommended stop loss. If this works out, this will be a good trade. Anyway, in the long run, if we keep getting trades like this, our P&L will be looking mightily green and profitable. If you would like to learn how to trade using the Super Forex Launcher Indicator, click here to learn more.
Reversal Trend Strategy GBPUSD – 11th March 2019 (Update)
In just a matter of hours, 50+pips profit was achieved. Some of our Super Forex Launcher users used trailing stops for even greater profits. If you really like reversal strategies, the Super Forex Launcher is ranked highly up there.
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