Date: 3 January 2023
Pair: GBPUSD
Buy Stop at: 1.21150
Stop Loss: 1.11950 (60 pips) (-$12) (-0.8%)
Take Profit: 1.23550 (120 pips) ($24) (1.6%)
Reason: Buy stop few pips above mother bar, candles are above EMA 50 (uptrend). If today candle closed below the mother bar, then I’ll be looking for sell opportunity and cancel this trade.