GBPUSD 30M
A short position below 1.28200 means you sell an asset if its price drops below 1.28200. You anticipate the price will continue to fall. The take profit at 1.27700 means you plan to close the position and secure your gains when the price reaches 1.27700. This strategy limits risk by locking in profits once the target price is achieved.
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.