Possible GBP/AUD short Position!! Short

BRITISH POUND / AUSTRALIAN DOLLARICE

Description

⋅ Feb 28, 2019 2:32 AM

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

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

Comments

zambifund

⋅ Mar 1, 2019 9:01 PM

zambifund

⋅ Mar 1, 2019 8:29 PM

This looks to be setting up, keeping an eye on it

SMPTrader

⋅ Mar 1, 2019 9:16 PM

@zambifund, Sweet!! This currency pair will bounce around for a little bit before moving south. Happy trading and all the best :)

MoneyballAustin

⋅ Feb 28, 2019 7:12 AM

whats up ben... as usual out analysis are lining up.. here is my GBPAUD, price is at daily supply. looking for income shorts... Cheers

SMPTrader

⋅ Feb 28, 2019 8:47 AM

@MoneyballAustin, Nice one :) Rules have stated to enter a short position so time will tell. Great trading keep it up