Today's strange vicious bounce has given pound a sudden 200 pips lift. Which in turn gave us 200 pips of profit in no time with our previously mentioned GBP/CHF trade. Well, we are in about 40 pips of profit even before the bounce but this event helped us to hit the 1.4200 target instantly.
So are we lucky to get this? Without any doubt 'YES'. But only thing we will say is that even to get lucky in trading we need to define our levels properly and then based on best risk reward setups, have to 'take a trade'. We must trust our levels and take a trade. Rest depends upon the markets. Technical analysis has helped us a lot amid uncertainty and this is another triumph of technical analysis !
So are we lucky to get this? Without any doubt 'YES'. But only thing we will say is that even to get lucky in trading we need to define our levels properly and then based on best risk reward setups, have to 'take a trade'. We must trust our levels and take a trade. Rest depends upon the markets. Technical analysis has helped us a lot amid uncertainty and this is another triumph of technical analysis !
