GBP/USD# 5 Min Trend Trade +7 pips [2016-03-21]

GBP/USD 5 Min Trend Trade +7 pips [2016-03-21]

A good example of a 5 min trend trade. GBP/USD (Cable) had made a new session low before it retraced back to the R2 5 min boxes. The important element here is the distance back to the 1 min boxes from price which is 18 pips away. On the basis that Cable had put in a new session low and the extended distance back to the 1 min boxes makes this a good example of a 5 min trend trade set up on the TimeLanes

GBP/USD# 5 Min Trend Trade +7 pips [2016-03-21] was originally published on 24HR Forex Trade Room

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