SMPTrader

Possible GBP/AUD Short Position!!

Short
FX_IDC:GBPAUD   British Pound / Australian Dollar
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY


SMP Strategy

Chart time frame - H4
Timeframe - 1-3 Days
A – Activating Event
Market will meet resistance in zone @ 1.824 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 1.784
C - Fundamentals
GBP CPI on the 18th Sept @1830 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.784
Target 2 @ ....

Risk/Reward @ 2.5.1

Happy trading :)


Follow your Trading plan, Remain disciplined and Keep learning !!


Please Follow, Like,Comment & Follow :)


This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comment: Still waiting on the sidelines. Market a little choppy due to the AUD Unemployment rate announcement