𝗚𝗕𝗣𝗨𝗦𝗗 𝗕𝗜𝗔𝗦 𝗔𝗡𝗗 𝗦𝗘𝗧𝗨𝗣 𝗙𝗢𝗥 𝟯 𝗡𝗢𝗩𝗘𝗠𝗕𝗘𝗥 𝟮𝟬𝟮𝟲

GBP/USD — TRADE SETUP BEFORE TAKE PROFIT

Another trading opportunity identified on GBP/USD using my Demand and Supply trading methodology.

The trade was identified through price-action analysis, with attention to the relevant market structure, supply and demand formation, and confirmation of the setup.

Trade Direction: BUY

Entry: 1.341424

Stop Loss: 1.33994

Take Profit 1: 1.34246

Take Profit 2: 1.34469

The objective is to execute a trade based on a defined trading plan, with proper risk management rather than speculation.

Let's see how price responds to the setup.

Below is the GBPUSD chart

GBP/USD — TAKE PROFIT HIT!

Another successful trading outcome!

The GBP/USD trade previously presented reached its Take Profit level as anticipated.

This is the importance of having a defined trading strategy, proper market analysis, risk management and trading discipline.

Result: TAKE PROFIT 1 & 2 HIT!

• TP1: +10.36 pips

• TP2: +32.66 pips

• Combined Target Distance: 43.02 pips

Below is the GBPUSD chart for Take profit 1 & 2

The objective is not to win every trade but to consistently execute a well-defined trading strategy and manage risk.

Amos Iguma | The Trade Analyst

Forex trading involves substantial risk. Past trading results do not guarantee future performance.