Demo Friday - trade plan - GBPUSD

Ok here's a trade plan for sterling today. It's a demo trade because i want to see whether my tweaking works out.

so in the chart you can see that the moving average crossover occurs just below the pivot point of 1.5879.

So i decided this would be a good place to enter a long position considering the overall trend is still bullish.

i've decided to keep the stoploss at the previous low at 1.5863, and i'll push the stoploss up once levels go above 1.5900.

so here's the trade:

long GBP/USD at 1.5877. Stoploss 1.6893. Take profit 1.5900.