[GBPAUD Short] 10 August, 2021 - Roger V Trading Ideas10/08/2021
GBPAUD
Entry Resistance level idea:
1.88650 - 1.89200 Resistance
TP Support level idea:
1.86000
Final SL for all Short positions:
1.90000 Resistance Level
Comment:
12AM mid-night, a trading idea just came into Roger V's head after looking at the GBPAUD weekly chart.
- A risk that must be taken
- A Stop-loss that may happen
- A Take Profit may also happen
What would happen?
This idea basically has a very short range of stop-loss from the entry point and a wide range for the take profit.
The risk ratio of 1:3 with three higher lows with its Doji signal.
Roger V would take the risk and try for the adventure! Woo!
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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