Swing Trading GBPUSD – Break Above 200 MA
GBPUSD Swing Trade Analysis
Today we are Swing Trading GBPUSD with this high probability setup. A common misconception with trading software is that you just stick it on your chart with no knowledge of the markets and take trades. This is not the case.
With a little bit of knowledge on looking to the left and support and resistance you can master the art of trading.
The Swing Trading Software already plots the main moving averages on the chart, this is the 200 and the 50 which are the main ones to be aware of when swing trading.
A few days ago, we broke the 200 moving average and I have been keeping my eye on it. We have stayed above it and the lower timeframs are now respecting it as support.
With the tight stop that is offered (200 Moving Average) and the targets in sight, this is a great Swing Trade for anyone to be getting into.
Then just let the Swing Trading Software give you a new stoploss each day until you either get an exit signal or you hit your target.
If you hit target 1 and the squeeze is still blue and the system is still blue then take half of your profit and stay in until either the signal changes or you hit target 2, then exit fully and re access the trade.
GBPUSD Swing Trade Analysis
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