Possible GBP/USD Short position

By SMPTrader
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 1-2 Days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @1.2990 level and move towards the first Target 1 level @ 1.2835

GBPUSD

Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @ 1.2835

Risk/Reward @ 2:5

Happy trading. Will let you know closer to the time if or when executed:)


Follow your Trading plan, remain disciplined and keep learning !!

Please Follow, Like,Comment & Follow
Thank you for your support :)

This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
cableshortChart PatternscurrencyGBPUSDTechnical IndicatorslifetradingpatternsshortsetuptraderstradingviewTrend Analysis
SMPTrader
Follow your Trading plan, Remain disciplined and keep learning !!

Please Follow, Like,Comment & Follow
Thank you for your support :)

This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Disclaimer