Setup:
It was noted that GBPAUD could be dropping to 1.69860
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
3. Double Top
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.72791
Trade 2:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.69860
*When we hit 1.75722, Our SL will be moved to Break Even.
Risk & Reward:
Total Risk:
2% or 390 PIPS
Total Reward:
7.5 % or 1441 PIPS
Good Luck :-)
It was noted that GBPAUD could be dropping to 1.69860
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
3. Double Top
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.72791
Trade 2:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.69860
*When we hit 1.75722, Our SL will be moved to Break Even.
Risk & Reward:
Total Risk:
2% or 390 PIPS
Total Reward:
7.5 % or 1441 PIPS
Good Luck :-)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.