Short trade setup on GBPCAD
Updated
Short trade setup on GBPCAD initiates at market:
1. **Entry Point**: market
2. **Stop Loss**: The stop loss is set at 1.76047, ~1.83% above the entry point.
3. **Target**: The target price is set at 1.56129, ~9.69% below the entry point.
4. **Risk/Reward Ratio**: The risk/reward ratio for this trade is ~5, meaning the potential reward is 5 times the risk.
I expect the price to decline significantly from the entry point. The stop loss is strategically placed to limit losses if the price moves against the trade, while the target is set to maximize potential gains based on the observed trend. The large risk/reward ratio indicates a favorable trade setup, assuming the price moves as anticipated.
1. **Entry Point**: market
2. **Stop Loss**: The stop loss is set at 1.76047, ~1.83% above the entry point.
3. **Target**: The target price is set at 1.56129, ~9.69% below the entry point.
4. **Risk/Reward Ratio**: The risk/reward ratio for this trade is ~5, meaning the potential reward is 5 times the risk.
I expect the price to decline significantly from the entry point. The stop loss is strategically placed to limit losses if the price moves against the trade, while the target is set to maximize potential gains based on the observed trend. The large risk/reward ratio indicates a favorable trade setup, assuming the price moves as anticipated.
Trade closed: stop reached
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
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