FonF0n

Strategizing Short Positions on GBP/USD for Maximum Profit

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
After closing the GBP/USD position at 1.23, I will open another short position on this pair because, as often happens in FX, you usually have 2 or 3 (sometimes 4) chances to take a short position on the same valid setup. Therefore, the next position will be opened around 1.281 with a 1:1 stop-loss ratio, as I usually have on FX pairs, and without worrying about a 1% loss, as there is a greater chance of profit in a swing position. So let's all make money on this pair.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.