A risky play here as GBP/USD rejects and falls back under 1.2667. There are two important highlights about taking a short here:
1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation.
2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1
A $100 risk would net you $1,700
1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation.
2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1
A $100 risk would net you $1,700
Trade active
Entered short at 1.265Trade closed manually
Stopped out at 1.274Note
Since being stopped out I have flipped long and momentum appears to be picking up. I was not able to make a post about this as I was on vacation.
It's not about the money made. It's about the freedom created.
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.
It's not about the money made. It's about the freedom created.
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.