GBP/USD Price Action Analysis | The Safe Setup
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Pound is keep showing weakness against Dollar. Even though shorting at the Range High seems like a good idea, there is still untouched liquidity above. This setup gives a better R/R although being less likely to happen. Playing safe is important.
Entry: 1.2419
SL: 1.2511
TP-1: 1.2211
TP-2: 1.2111
TP-3: 1.1971
R/R: 4.87
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
Entry: 1.2419
SL: 1.2511
TP-1: 1.2211
TP-2: 1.2111
TP-3: 1.1971
R/R: 4.87
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
Transaction en cours
Position is opened briefly. Now it needs to close below 1.24 for an optimal scenario, unless it is a bull trap.Trade fermée: ordre d’arrêt atteint
This was a strong bullish momentum. The loss was minimum, the advantage of managing the risk.
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