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SMPTrader
Apr 5, 2019 7:59 AM

Possible GBP/AUD Short position !! Short

BRITISH POUND / AUSTRALIAN DOLLARICE

Description

SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY


Chart time frame - H4
Timeframe 1-4 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.858 - .... and fall to the 1.837. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.837

FX:GBPAUD

Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 1.837
Target 2 @ ....

Risk/Reward @ 2.5.1

Happy trading :)


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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