1.3000 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 1.29675.
If price breaks above 1.3000 then it should hit 1.3025.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell GBP/USD @ 1.2990
Stop Loss @ 1.3000
Take Profit @ 1.29675
Trade 2 (Risk 1% of your account size);
Buy Stop GBP/USD @ 1.3000
Stop Loss @ 1.2990
Take Profit @ 1.3025
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks above 1.3000 then it should hit 1.3025.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell GBP/USD @ 1.2990
Stop Loss @ 1.3000
Take Profit @ 1.29675
Trade 2 (Risk 1% of your account size);
Buy Stop GBP/USD @ 1.3000
Stop Loss @ 1.2990
Take Profit @ 1.3025
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Trade active
Trade 1 is activeTrade closed: target reached
Trade 1 profit target acheved, + 22.5 pips.
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.
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.