[GBPUSD] BEARISH SETUP with tight stop
Good morning Traders,
The pair reached our key level (see chart below) around 1.3208 and subsequently triggered a bearish leg that could reach 1.3065 area (BEARISH TARGET 1). That said, if you took a short position, keep it and move stop to breakeven, if you want to try to take a short position, it could be interesting to sell the pair around 1.3150 with a stop loss above 1.3177.
MONEY MANAGEMENT: No good setup to T1 => R/R < 1:3 (use reduce size)
OUR WAVE ANALYSIS
(Click and Play on chart)
![[GBPUSD] KEY LEVEL AT 1.3208](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
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The pair reached our key level (see chart below) around 1.3208 and subsequently triggered a bearish leg that could reach 1.3065 area (BEARISH TARGET 1). That said, if you took a short position, keep it and move stop to breakeven, if you want to try to take a short position, it could be interesting to sell the pair around 1.3150 with a stop loss above 1.3177.
MONEY MANAGEMENT: No good setup to T1 => R/R < 1:3 (use reduce size)
OUR WAVE ANALYSIS
(Click and Play on chart)
![[GBPUSD] KEY LEVEL AT 1.3208](https://s3.tradingview.com/f/FIep8ZO1_big.png)
If you think this analysis can be useful and you want to receive new updates about this idea, click on STAR & LIKE button!
Thank you for support and trade with care!
Comment:
Our setup is working correctly but has not yet reached our TARGET 1, this being said, if we see resistance breakout at 1.3123, we will close 50% our short position, and stop to breakeven for the rest of the position.
Trade closed: target reached:
...Thank you for your "Like" and support!!
...Thank you for your "Like" and support!!
Trade closed: target reached:
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Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
