Fayaz Sadik Sait 2.0 Pound/Dollar back to buyzone

GMT 8:33 am

We continue to hold the Dollar/Loonie sell since yesterday.

Today GBP/USD looks to have retraced back to support area and has a decent support next at 1.2110 area. A buy is advised here as price is now at 1.2120 with stop at 1.2085

Trade - Buy GBP/USD

Price - 1.2120

Stop - 1.2085

Target - 1.2170 l 1.22 l 1.2220

I shall update as this trade progress.

March 15 GMT 3:13 am

Gbp/Usd is now trading at 1.2156 area which gives a profit of 35pips. RIsk Takers can now bring Stop to cost and low risk traders can exit the trade and pocket the 35 pips.

Trade Closed from my side.

Fayaz Sadik Sait


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Disclaimer :- Trading is not for the weak hearted , Trading these instruments involves high level of risk and losses can exceed capital (depending on your FX Broker).My advises should be used as a medium to learn and not as a medium to get RICH.I dont have any formula for anyone to get RICH. I shall share no responsibility for anyone's profit or losses.Once again Trading is not for everyone.