GBP/USD, Sell.
Updated
GBP/USD open Sell near 1.2650 - 1.2660
Reasons:
- Daily trend is down
- key level
- Price made a fake broke of it
Also, as I promised once before After 100 like I will write, when is the best to open a position with (Stop loss and Take profit points)
S/L: 1.2680
T/P: 1.2525
T/P: 1.2485
Reasons:
- Daily trend is down
- key level
- Price made a fake broke of it
Also, as I promised once before After 100 like I will write, when is the best to open a position with (Stop loss and Take profit points)
S/L: 1.2680
T/P: 1.2525
T/P: 1.2485
Note
The main reason why i opened sell it is the price made fake broke of the powerful daily level. Risk 25 pips. Potential profit in 5 - 10 times bigger.
Trade active
I opened Sell USE proper risk management Less than 2% of capital/ per position. Because everything can happen - it is trading
Note
If the price will break down 1.2651 and M30 will close under it. That will start the powerful down move. Trade active
Selling rally startedNote
40 pips doneNote
Daily candle closed under key level 1.2662 it is a great signal that the price can make that power down move.you Still can ope sell entry near 1.2640 - 1.2650
S/L: 1.2680
T/P: 1.2525
T/P: 1.2485
Daily chart:
1- hour chart:
Note
Close 30 % of positin to resuce riskTrade active
The best place to open Sell is now because the risk is 30 pips only. IF you didn't open Sell you can do it NOW.
Note
Trade closed: stop reached
Note
GBP/USD close above key levelIntrader traders you can open buy with low risk.
Note
If 12 hours candle will close under key level i will reopen Sell entry Trade active
Reopen Sell entry on GBP/USDS/L: 1.2687
T/P: 1.2525
T/P: 1.2485
Note
The price is forming double high It looks that Sell rally can start so soon
Note
If 1-hour candle will break the upward line and H1 will close under there will be big potential for a Middle - term down move (200 -300 pips)Note
The price moved down 80 pips from the entry point. Hold it till Take profit.Note
100 pips doneI hold position till take profit.
you can close 20 - 30% of position to reduce risk.
Note
i still hold Sell position 
Trade closed manually
Half of the position get 120 pips2nd part close at breakeven
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