Open trading account 
First trade of the month, entered long trade on GBPUSD on retest of support level. Although this pair was drifting lower, but there was lack of bearish momentum and price action hinted some buying interest around that support level.
Entered with a 100 pips take profit and stop loss, but was willing to cut trade if there was clean breakout of support level. Actual drawdown on this trade was around 14 pips, so price did exactly as anticipated. With FOMC Minutes scheduled for tonight, some whipsaw price action is expected, as such will reassess price action tomorrow morning.
Entered with a 100 pips take profit and stop loss, but was willing to cut trade if there was clean breakout of support level. Actual drawdown on this trade was around 14 pips, so price did exactly as anticipated. With FOMC Minutes scheduled for tonight, some whipsaw price action is expected, as such will reassess price action tomorrow morning.
