Hello traders, today we have ourselves a lovely 
GBPUSD short.
Confluences:
With this trade we have ourselves a lovely R:R (Risk:Reward) of 1:8.3! This is a insane ration and definitely not one to miss.
We have a 30 pip stop loss for our trade which is above the previous structure level. If we hit Stop loss we will look for another entry in the structure level below.
I have set 2 Take profit zones for this trade,
The first profit taking area is at 90 pips at 1.379 in the structure level and fib level
Our second profit taking area is at 250 pips at 1.3915
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Also check out my other trading ideas below! I post educational content so you can learn to trade just like me!
GBPUSD short.Confluences:
- Structure Level
- USD Weakness & GBP Strength creating resistance
With this trade we have ourselves a lovely R:R (Risk:Reward) of 1:8.3! This is a insane ration and definitely not one to miss.
We have a 30 pip stop loss for our trade which is above the previous structure level. If we hit Stop loss we will look for another entry in the structure level below.
I have set 2 Take profit zones for this trade,
The first profit taking area is at 90 pips at 1.379 in the structure level and fib level
Our second profit taking area is at 250 pips at 1.3915
Please remember to like and follow for more ideas like this!
Also check out my other trading ideas below! I post educational content so you can learn to trade just like me!
Note
Price has reacted very well from our fib levelTrade closed: stop reached
Price hit SL level which was at +2 pips securing no loss for this trade, Posted a reentry position on my profile
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FREE Telegram: t.me/MMFX_FREE
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Related publications
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.
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
Related publications
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.