FX.co ★ Trading idea for the GBP/USD pair

Pound bulls were in luck yesterday, especially those who followed our earlier trading strategy, which was to set up long positions in the GBP/USD pair, in order to raise the quote to 1.35.

Plan:

Results:

This simple trend, based on impulse trading and an understanding of target stops, yielded 7,000 pips!

Since October, we have already recommended working on the pound exclusively up to 1.35.

Now, the pair has reached our target, bringing plenty of profit from the market.

Huge congratulations to those who took up this strategy!