230919-230919 gbpusd PROFIT

GBPUSD Hourly Formation

As you can see the prices went way past the 423% of the previous trend. I made an attempt earlier, to sell 0.02 lots, when a pattern was formed, which is shown in the highlighted section. As you can see, that pattern was not the ideal one and the trade failed. For further information, see the previous GBP USD trade. As you can see, the new pattern is an ideal one. But it formed on a Friday, and I hesitated to take the trade. 

  GBPUSD Hourly Trade 

As you can see, I missed the signal, as I was averse of trading on a Friday. However, I took the trade on Monday as it started  a slight bounce upwards 161% and in the hindsight, I entered at the right time. I put only 0.01 lot as Risk to Reward was more than one.