Beautiful Reward to Risk Ratio GBP Trade Setup.
These are not rare and if you know how to spot them, trading is much easier. The other majors offered up nice trades too, as the week came to an end.
I am not a fan of scanning through 12 pairs to trade or even trading the exotic pairs. I was taught by a “Whale” to get to know a few of the major pairs intimately and focus on them. I have known many traders who have lost their accounts trading JPY crosses.
Once you are intimately familiar with the trading patterns of the majors or even one or two of the majors, you can make an enormous amount of money specializing in those pairs alone. This business is about finding your edge, controlling your risk, being consistent and keeping it simple to be successful.
I hope you have had a very profitable week!
Enjoy the weekend.