GBPUSD Cable Short now

Broke Trendline, then corrected to the 0.618 retracement.
I plotted towo sell trades in the chart. One is better risk to reward but more high
risk.

it is your responsibility to not risk to much ( not more than 1% of your trading account)
so learn to calculate the lot size (or get a broker that has proper tradingplatform
which provides this!!)

Trade active

one half with set tp level at the previous low. the other with open end (will pull to breakeven when other may hit the target).

a 3rd smaller (cant lose more than 0,5% of my account!!!) trade with stoploss above the last candle after 0.618 was reached (sl 1.2536).

here is a more save way to trade this:

Note

here is a chart of AUDCAD with very similar price action

Note

both trades still intact.

cable maybe making a little bigger correction than i thought

Note

1/3 into stopploss (the high risk trade with smaller stopploss).
other 2/3 now at breakeven.

ernstschwarz

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ernstschwarz