Signal: GBPCHF Short — Full Signal
Context:Full Signal, price broke and closed below the zone signalling breakout
Probability: Normal - Buyer bias still exists.
Risk: 1% -> buyer bias flow in volume, strong signal breakout, other CHF long sentiment so reduce risk to potential split with AUDCHF breakout down the line. GBP short is potentially 3 days late from the original move in EURGBP
R:R Plan: Potentially 5R if range allows, 75% scale-out at TP for low probability & drawdown management.
Notes:
Took this trade due to its breakout nature and full signal from the judge fortress algo. Other GBP Short setups coming from EURGBP Long (late ranged) and AUDCHF short (pending order for continuation if breaks out) so I only put 1% risk on CHF Long to make room for AUDCHF 0.5% later if it breaks the pending order.
Context:Full Signal, price broke and closed below the zone signalling breakout
Probability: Normal - Buyer bias still exists.
Risk: 1% -> buyer bias flow in volume, strong signal breakout, other CHF long sentiment so reduce risk to potential split with AUDCHF breakout down the line. GBP short is potentially 3 days late from the original move in EURGBP
R:R Plan: Potentially 5R if range allows, 75% scale-out at TP for low probability & drawdown management.
Notes:
Took this trade due to its breakout nature and full signal from the judge fortress algo. Other GBP Short setups coming from EURGBP Long (late ranged) and AUDCHF short (pending order for continuation if breaks out) so I only put 1% risk on CHF Long to make room for AUDCHF 0.5% later if it breaks the pending order.
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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.