Forex Bank Trading Strategy – GBP/USD Live Trade Setup
Yesterday as our live training room was finishing up we were eyeing the GBP/USD for a nice short setup. The very next candle gave us our confirmation and then the market made a nice pullback which we use to enter on. The purpose of the pullback candle is just to give us the necessary pullback to use as tight of a stop as possible. The power of the bank trading strategy is in the risk/reward ratios these setups produce. As such, the pullback ensures a tight stop loss of generally 20 pips or less and thus a 40 pip take profit gives us a 2/1 R/R ratio. The beauty of this type of R/R ratio is that we could win 50% of the time and still be very profitable. Enjoy the video.