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Jan 28, 2022 4:12 AM

GBPUSD - 5 Reasons For A Daytrade Sell! Short

British Pound/U.S. DollarFXCM

Description

Sell #GBPUSD Plan

First Entry was at 1.3403
Second Entry is pending order at 1.3410
Stop is at 1.3428
Target is at 1.3372

I have 5 reasons to sell GBPUSD for a daytrade.

1. Currency Strength Meter USD is strong GBP is Week
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish Divergence Signal

The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.


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The trading strategy is fully explained in video below

Trade closed: target reached

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