GBP/USD Trading Plan Short

British Pound/U.S. DollarFXCM

Description

⋅ Sep 10, 2018 4:43 PM

Currecny rate made a fake broke of key level.

Potential profit in 4 times bigger the risk.

Sell at: 1.3032
S/L: 1.3056
T/P: 1.2927

CCL-Candle created level
CAP-Candle Approved level
FB-Fake broke

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Trade active

⋅ Sep 11, 2018 3:19 AM

The price hit limit order

Trade closed: stop reached

⋅ Sep 11, 2018 7:05 AM

Trade active

⋅ Sep 11, 2018 5:18 PM

Dear Friends the price bounced down again.
We can open a short near: 1.3043

Comments

TanveerAlam

⋅ Sep 11, 2018 6:25 AM

Stop loss

Yuriy_Bishko

⋅ Sep 11, 2018 7:06 AM

@TanveerAlam, yes you are right

Sometines this happens. Thats why yiu need to use proper risk managment and stop loses

IMAN-IMAN

⋅ Sep 10, 2018 5:00 PM

I hope so, likely will happen too much. I am like you in short position near strong resistace.

Yuriy_Bishko

⋅ Sep 10, 2018 5:08 PM

@Imanx1982, I like it too.
Use a Stop loss please. Because market sometimes unpredictable

IMAN-IMAN

⋅ Sep 10, 2018 5:13 PM

@YuriyBishko, sure, SL: 1.3060.
GBP's candels always are panic

gyalusdavid

⋅ Sep 12, 2018 9:35 PM

@Imanx1982, hahaha :D yeah thats true I recommend check daily volatility in the past 8 weeks! and you can see in which range gonna go each currencypair ( investing.com- tools- forex volatality.)