GBPUSD Long - Market Monday EP1
Trade (1)
Entry Type : Market Buy @ 1.25000 upon seeing candlestick confirmation
Stop Loss : 1.23500 (150pips)
Take Profit : 1.32500 (750pips)
R/R : 5
R/R % : .5% / 2.5%
Technical Analysis:
Price Action has double topped under our 1.30 psychological level. Price is now enduring a bearish correction down to the 1.25 psychological support which coincides with our 61.8 fib level where we can look to execute long positions. My stop loss is placed slightly under the 1.23750 key level and my take profit level is placed slightly above the -27.2 Fibonacci extension at 1.32500.
Entry Type : Market Buy @ 1.25000 upon seeing candlestick confirmation
Stop Loss : 1.23500 (150pips)
Take Profit : 1.32500 (750pips)
R/R : 5
R/R % : .5% / 2.5%
Technical Analysis:
Price Action has double topped under our 1.30 psychological level. Price is now enduring a bearish correction down to the 1.25 psychological support which coincides with our 61.8 fib level where we can look to execute long positions. My stop loss is placed slightly under the 1.23750 key level and my take profit level is placed slightly above the -27.2 Fibonacci extension at 1.32500.
Note
Simply my outline on GBPUSD. No trade has been taken yet.
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.