GBP/AUD Sell Entry 2K pips Chart 1/3 Short

British Pound/Australian DollarFXCM

Description

⋅ Jul 12, 2022 4:03 PM

Sell Limit entry: 1.75500
Stop loss order: 1.76300
Take profit order: 1.73300

*HEDGE(to minimize losses)-simultaneously OPEN a BUY STOP/LIMT order w/ SAME LOT SIZE as initial trade.

Hedge position levels:
Buy limit/stop: 1.75500
Take Profit: 1.76300 ( T/P = S/L from Initial Trade )
Stop loss: 1.75250 ( S/L = 0-250 pips below Initial Trade Entry level )
*800 pip hedging order.

Potential Gains: 2K-2.2K pips
Potential Loss: 0-250 pips
Risk/Reward Ratio: 2.75/1.00
Avg. Holding Period: 5-7 days
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Use the information to assist you with your trading journey. This analysis is just my idea and doesn't guarantee any gains/loss. Leave a comment and follow me to stay up to date on trade opportunities. Safe trading.

When finished will post position opportunities for 1hr and 15min timeframes.