2019-03-08 14:30 GMT+08:00 GBPUSD Daily Sell Limit
Open conditions:
1. Sell limit at 1.3105
2. EMA (20) < MA(72)
3. Pull back up to EMA (20)
4. Pull back more than 30pip today
5. Yesterday pull back and touch MA(72),
then dropped down strongly,
so maybe today we can open position just
around EMA(20)
6. London market opened 2 hours
7. ATR(5) = 90, more than 50 pips to TP
Stop loss:
1. 50pips
2. 3% risk
3. High probability go down,
but we don't where to begin,
so add stop lost to 50 pips
Take profit:
1. 1.3020 or 50pips
2. Daily volatility
1. Sell limit at 1.3105
2. EMA (20) < MA(72)
3. Pull back up to EMA (20)
4. Pull back more than 30pip today
5. Yesterday pull back and touch MA(72),
then dropped down strongly,
so maybe today we can open position just
around EMA(20)
6. London market opened 2 hours
7. ATR(5) = 90, more than 50 pips to TP
Stop loss:
1. 50pips
2. 3% risk
3. High probability go down,
but we don't where to begin,
so add stop lost to 50 pips
Take profit:
1. 1.3020 or 50pips
2. Daily volatility
Note
Updated stop loss to 1.30950
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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.