Mean Reversion
GBPUSD makes recent lower highs, since usd is start gaining strength and fails to make a new low, I’m expecting to see GBPUSD trade lower at 1.29400
#signal: entry price: 1.30550 (Sell stop)
Risk: 2% / price= 1.31600 (105pips)
Take profit 1: 1.29400 (105pips)
Take profit 2: 1.28350 (210pips)
#signal: entry price: 1.30550 (Sell stop)
Risk: 2% / price= 1.31600 (105pips)
Take profit 1: 1.29400 (105pips)
Take profit 2: 1.28350 (210pips)
Order cancelled
Our order don’t get filled... usd breaks the uptrending channel. We just wait for a close below 92.96 to look for new trades
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Related publications
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.