SMPTrader

Possible GBP/AUD short Position!!

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


Chart time frame - H4
Timeframe - 1-3 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.864 - .... and fall to the @1.79. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.79


FX:GBPAUD

Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 1.79
Target 2 @ ....

Risk/Reward @ 6.1

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!

Comments

This looks to be setting up, keeping an eye on it
Reply
SMPTrader zambifund
@zambifund, Sweet!! This currency pair will bounce around for a little bit before moving south. Happy trading and all the best :)
Reply
whats up ben... as usual out analysis are lining up.. here is my GBPAUD, price is at daily supply. looking for income shorts... Cheers
Reply
SMPTrader MoneyballAustin
@MoneyballAustin, Nice one :) Rules have stated to enter a short position so time will tell. Great trading keep it up
Reply
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