Fayaz Sadik Sait 2.0 Day 2 Pound / Dollar
GMT - 4:15am
Trade - Buy GBPUSD
Price - 1.2155
Stop - 1.2105
Target - 1.2210 l 1.2230 l 1.2250
After exiting the trade overnight , We are still chasing the contra view buy trying to buy this pair again at same price where we closed lastly.The range is still very tight but as I mentioned yesterday that the pair has some decent support here and then at 1.2110. and after breaking briefly below 1.2155 yesterday , It had managed to trade above it over night. But big moves noted yet on either side.The stop is 50 pips below hence caution is advised.
Watch out for more updates as trade progress.
Update - GMT - 6:10pm
After a very range bound move prices have started to move in our direction of buy.We are now 25pips in the money as price is now at 1.2182. As Fayaz Sadik Sait 2.0 is a intra day views I am accepting this decent profit and exiting the same.Risk Traders can move price to cost.
Today from 2 calls we have 55 pips pocketed. You can view the USDJPY Short Sell recommendation which was given soon after this view here
Tomorrow is a new day with a clean slate.Its time to enjoy this evening with a hot cup of coffee :)
Fayaz Sadik Sait