Forex trade issued. GBPUSD, see article for more info.
GBPUSD
The pound is in an area where a bullish reversal is likely. This is a failed low from the previous low and also a broader support level. This trade is labeled aggressive as it is both counter trend off an inside candle. We are playing the area here which elevates the risk.
In addition there is a 100 pip stop loss, so sizing should be adjusted in accordance with the position and risk here. We are taking a small position of 1 mini lot here where are normal trade is 3 minis.
The Pound is a mover and it can easily swing 100-200 pips in a day. Keep this in mind when position sizing.
Also if you are new:
Do NOT enter until the trade is triggered. This is very important.
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