masterthemarkets2010

Is GBPUSD going to hit its daily target - Stretch principle

Long
FX:GBPUSD   Livre sterling / Dollar américain
This trade we are looking at on GBPUSD is based on the stretch principle. We have entered on a pending order where the high was for today as in the chart image. We are taking the trade according to our smart money framework indicator and our trend alignment with the the higher timeframes.

E - 1.2690
SL - 1.2654
T - 1.2715

So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.

To understand our ideas and videos better,we highly recommend watching our following stream videos:

1. 7 steps to achieve consistent trading performance
www.tradingview.com/streams/CYoTRc9HCd
2.7 steps for strategy construction
www.tradingview.com/streams/uVszSV1Eyv
3.Stretch principle videos
Refer to related ideas links as below
Transaction en cours:
We got triggered into our limit entry a few minutes ago before we put the update on.
Transaction en cours:
Trailing stop to low of last 1h bar at 1.2665
Trade fermée: ordre d’arrêt atteint:
We missed the target by 3pips.
Trailing stop hit for -25pips.
Remember our edge and keep our focus on consistent execution.

Trader Starter Pack (5-day video course): masterthemarkets1.ontraport.com/tl/128
To book a 1-1 session with our trader coaches: masterthemarkets1.ontraport.com/tl/129
To find out more about Smart Money indicator: bit.ly/3OF5r5N
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.