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GBPUSD SHORT, RR 1 : 2.2
British Pound / U.S. Dollar
Short
GBPUSD SHORT, RR 1 : 2.2
By douglasswg
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Updated
Oct 6, 2017
7
Cheer
Cheer
Sep 26, 2017
GBPUSD 4-hourly chart bull is exhausting, bear is taking over. A potential SHORT can be executed with reasonable risk reward ratio.
Reason :
- 4 hourly chart, critical res at 1.3570 area.
- Price rejection at fibs level,
- Possible downside target to 38.2% fibs level @ 1.33 area.
- Reasonable risk reward to short.
- Potential to reach next supp points :
Entry point Long : CMP ; TP : 1.3310 ~ 1.3200 ; SL above previous high @ 1.13580
Risk Reward 1 : 2.22
Always remember to trade with stop-loss, market is crazy & cunning*
Sep 27, 2017
Trade active
Currently holding +8opips profits.
1st support of 1.3390 area tested, awaiting another push to lower.
Sep 28, 2017
Trade closed manually
Closed some position @ 1.3345, secured some bags.
Left some to run til profit.
Oct 6, 2017
Trade closed: target reached
TP hit with additional +270pips down to 1.3030.
GBPUSD
gbpusdshort
Trend Analysis
douglasswg
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