aluotradingjournal

[GBPAUD Short] 10 August, 2021 - Roger V Trading Ideas

Short
FOREXCOM:GBPAUD   British Pound / Australian Dollar
10/08/2021
GBPAUD
Entry Resistance level idea:
1.88650 - 1.89200 Resistance

TP Support level idea:
1.86000

Final SL for all Short positions:
1.90000 Resistance Level

Comment:
12AM mid-night, a trading idea just came into Roger V's head after looking at the GBPAUD weekly chart.

- A risk that must be taken
- A Stop-loss that may happen
- A Take Profit may also happen

What would happen?

This idea basically has a very short range of stop-loss from the entry point and a wide range for the take profit.

The risk ratio of 1:3 with three higher lows with its Doji signal.

Roger V would take the risk and try for the adventure! Woo!

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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.

Comments

Good work, I see it!
Reply