GBPUSD LONG IDEAGreat British Pound vs. US DollarFX:GBPUSDJustSimplyI try to explain for you how im thinking when i want to trade. I hope i can help for you :) 1. Market structure analysis: Now we are above the H1 200 SMA and we see lover lows and lower highs, so we try to think about a long position. 2. Order block identification (Time zone: UTG + 2) We can see a significant retracement from 15/JUL 09:00 - 11:00 and after this bearish move we can see a strong upward (bullish/long) movement from 15/JUL 12:00 - 15:00, which signs an order block here. 3. Fair value gap/ imbalance After the order block we can see 2 FVGs below the Fibo 0.5 (this is the discount zone) and this confirms the order block. 4. What is happening now? The price comes down and we are waiting for hitting the order block or FVG and depending on our psychology and the time we spend in front of the screen, we can place pending buy orders. 5. Pending orders: "A" - the safest position (FVG step-in) : you can step in in time. You have less chance to miss out from the trade, you have wide stop loss and not so risky to hit the target price (here is the worst risk:reward ratio) "B" - not so risky (Order block step-in) : You have a little bit more chance to miss out from the trade, but you have still wide stop loss, the risk is here the price can hit the target price harder (better risk:reward ratio) "C" - riskier (FVG step-in) : you can step in in time. You have less chance to miss out from the trade, you have tighter stop loss, but not so risky to hit the target price "D" - riskiest (FVG step-in) : you can step in in time. You have less chance to miss out from the trade. 2 risks: tighter stop loss and the price can hit the target price harder (best risk:reward ratio) "E" - same as "D", but not so risky : because you have wider stop loss, but your risk-to-reward ratio is still enough good 6. Position management When i reach the 1:1 risk:reward ratio i move my stop loss to breakeven (I am moving my stop-loss order to the level where the price reached my pending order). If you feel safer you can close half of your position at the 1:1 risk-to-reward ratio. After these steps its sure we win money and we dont loose. Position management depends on experience, time spent in front of the screen, and psychology. 7. Psychology I think the right position for you is, when you can sleep soundly and don't check the chart every minute. Of course if you are day trader you have to check the chart more frequently