In this trade, we are looking at GBPUSD based on the stretch principle. We have put a pending order entry where the low was for today as in the chart image. We are taking the trade according to our smart money framework indicator, our trend alignment with the the higher timeframes and with alignment with the VSA lite indicator.
GBPUSD(Short) Pending Order
E - 1.2547 SL - 1.2567 T - 1.2531
So far, the trade has taken out the lower stretch line which gives the bigger range from open(BRO) a higher probability to form to the down side. We will be tracking this move and managing it as we go along. Keep a look out for it traders.
To understand our ideas and videos better, we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course Look on our channel profile or at our signature section to access it 2.7 steps to achieve consistent trading performance tradingview.com/streams/CYoTRc9HCd 3.7 steps for strategy construction tradingview.com/streams/uVszSV1Eyv 4.Stretch principle videos Refer to related ideas links as below
Trade active
Pending order entry triggered
Trade closed: target reached
Target Hit traders. Well done to those who caught it. 16pips of profit and @£10 a pip = £160 profit.
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