I have 11 pairs on my watchlist for next week, but I like a short on GBPUSD the most. Price action is very clean, mostly moving between major support and resistance areas. This pair has been bearish for a month now, although it did make a significant pullback last week. Overall it is below the 200dma and my bias is very much bearish.
A short entry at 1.3200 will give us a reasonable stop loss with an initial target at 1.300. This would be a 2.5R trade with a potential for even more.
Bear in mind the Russia/Ukraine crisis and the possibility of sudden spikes in case of any major events in that arena.
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An other sell can come from 1.33220 or 1.34 until retesting of 1.30250
Trading_Vista
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@Marcosammito, yes that is possible. But my policy is that once a trade is closed (whether in profit or loss) I move that chart away from my watch list. I only look at it after the week has ended and I am preparing for the next week. This prevents me from getting into a "revenge trade" or becoming greedy.