GBPUSD buy setup

The GBPUSD is sitting on the up trend line so buying the 786 fib is good idea. This is high risk trade because of the deep pullbacks we are getting , but if you know how to manage it for a BE trade in case it breaks the trend then taking the trade makes sense.

trade with care.

Thank you for your support .

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The tend is broken so I will take off the trade for BE if it comes back to the 618. I will wait for a different setup to either buy or sell. Rules!!

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Sorry the 786**

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This was the trade setup and I would repeat this trade every time if the conditions are the same! Like said if you know how to manage it to BE this is an amazing trade. Now let's see if we get BE.