gbp usd my daily live trade
Good morning. Today I am taking a trade on the longer time frames, looking at the past few days of trading. The advantage of trading on longer time frames is it takes away the chatter and erratic movements that you see on the smaller time frames, and also you get bigger price movement. which enables the opportunity for larger profits for more on trading stratergies
If you use the longer time frames, you must be prepared to have funds available to cover your stop-loss trade. A good risk management policy is necessary and must be followed precisely.
This strategy has the advantage of freeing up time, as it's not necessary to continually check your screen.
reasons I took this trade
1. UK GDP slowed less than expected in Q2, providing supportive momentum for the pound.
2. Technical analysis reveals that long-term bullish momentum remains intact. GBP/USD
3. Sterling’s resilience has been helped by broader economic optimism and geopolitical developments.
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now the trades are set for the day lets have some fun
