Taking this trade on the GBP/USD simply because it is currently in a up trend on the monthly timeframe and has retracted off of the 38,2 fib zone.
Here is the trade I will be taking on this pair:
PAIR = GBP/USD ORDER TYPE = MARKET BUY NOW LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.34408 STOP LOSS = 1.31466 - 258 PIPS / $25.80 LOSS TAKE PROFIT = 1.43741 - 969 PIPS / $96.90 GAIN