Good afternoon traders! A trading idea for the GBP/USD pair.
Yesterday, the quote closed with a pin bar in the trend, which cut the buy stops of bulls for the next day:
To raise the price in the trading chart, open long positions and follow the plan listed below:
Take profit when the quote reaches the level of 1.27670.
Cancel the plan if yesterday's low is broken, at the quote 1.26430.
Such an idea is under the Price Action and Stop Hunting strategies, and has a profitability of 1 to 1.
Good luck!
