GBP/USD, Open Sell near 1.2662 (Trading Plan)

I will open Sell near 1.2662

because:

- The price broke down the 1-month accumulation
- Daily trend is bearish
- Near 1.2662 the best risk/reward ratio

After 100 like, I will write, when is the best to open a position with (Stop loss and Take profit points) (if the price hit by all criteria.)

Comment:

Price come close to sell Zone

Comment:

I will open Sell if the price will make fake broke of 1.2661 and H1 close under that level.

Entry near 1.2662 - 1.2650
S/L: 1.2689
T/P: 1.2505

Comment:

GBP/USD Update

The price is making pullback to a key level.
Many traders asked me, can they open entry now/
At this moment the price 1.2615, your stop loss should be above 1.2680
For me the risk of 65 pips is too big, that's why I wait on a pullback.

If you love risky entries you can Ope Sell now.

I wait when the price will make pullback to 1.2660 and I will open entry. Because there my risk will be 30 pips. And I will be able to get risk/reward ratio 1 to 5 or even 1 to 10.

Trade closed: target reached:

Those who opened sell near 1.2620 you can close 50% of position and hold it without risk.

Trade closed: target reached:

The price moved down 150 pips today