Short

GBPUSD SHORT

Updated

Instrument: GBPUSD (British Pound against the United States Dollar)

Entry: We have taken a short position (sell) in the GBPUSD pair at an entry price of 1.24374 USD per British Pound. This means we are selling British Pounds with the expectation that their value will decrease against the US Dollar.

Stop Loss: We have placed a stop loss at 1.249 USD per British Pound. This level represents the point at which we will automatically close the position if the market moves against our prediction. The stop loss is designed to limit our potential losses and manage the risk of the trade.

Take Profit: We have set a take profit at 1.218 USD per British Pound. This level is the point at which we will automatically close the position if the market moves in our favor. The take profit has been set to seek a gain and is based on a 4-to-1 risk-to-reward ratio compared to the stop loss.

Risk and Reward: With a stop loss at 1.249 and a take profit at 1.218, we are aiming for a risk-to-reward ratio of 4-to-1 in this trade. This means we are willing to take a limited risk to seek a potentially four times larger gain.

Analysis: This short position is based on technical and/or fundamental analysis that has led to the expectation of a decrease in the value of the British Pound against the US Dollar. The strategy includes robust risk management to protect capital in case of adverse market movements.

Remember that trading involves risks, and it's important to conduct careful analysis before taking any position. It's also crucial to closely monitor the market and make adjustments to the position as needed.

Trade active

Take Profit change to 1.23440, 0,75% profit.

Trade active

Trailing Stop to

1.2425

Trade closed: target reached

Take Profit change to 1.23440, 0,75% profit.

Reached

Grettings SubZero

subzerocapital

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