GBPUSD Sells
Updated
I had a similar trade posted yesterday, but exited at break even as I believe that price still has some more room to move. Reasoning behind this is that the DXY looks like it is about to take a nice sell off.
There is a great level of resistance at 1.285 which has been respected multiple times.
I have a limit order set:
Entry: 1.28486
Stop: 1.28825
Profit: 1.26356
Risking 1.5% looking for 9% on a 1:6 RR. Will look to take partials along the way and take risk of the table if I am tapped in and the trade goes my way.
There is a great level of resistance at 1.285 which has been respected multiple times.
I have a limit order set:
Entry: 1.28486
Stop: 1.28825
Profit: 1.26356
Risking 1.5% looking for 9% on a 1:6 RR. Will look to take partials along the way and take risk of the table if I am tapped in and the trade goes my way.
Trade active
Note
Tapped in.Trade closed: stop reached
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