GBPUSD - SHORT
Updated
Looking for short positions on this pair, potentially targeting lows from 2022. This is a 750 pip swing which could take a few weeks, however we are waiting for the confirmation/retest of the area.
Note: price has broken the downtrend and confirmed the bos on the HR1. We are waiting for the HR4 structure confirmations before invalidating the short positions. So if the market comes back into the trend channel and continues the downtrend towards the lows, we will be looking for shorts.
If you are looking to enter the market, drop down to a lower TF and wait for your confirmations to be met before entering, using the correct risk management.
Risk:Reward - 1:24
Trading For All | All For Trading
Kevin Capital
Note: price has broken the downtrend and confirmed the bos on the HR1. We are waiting for the HR4 structure confirmations before invalidating the short positions. So if the market comes back into the trend channel and continues the downtrend towards the lows, we will be looking for shorts.
If you are looking to enter the market, drop down to a lower TF and wait for your confirmations to be met before entering, using the correct risk management.
Risk:Reward - 1:24
Trading For All | All For Trading
Kevin Capital
Trade closed: stop reached
Tight SL problems - we got stopped then the market moved as expected. We are currently looking for a second entry.
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