FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD open Sell near 1.2650 - 1.2660

Reasons:

- Daily trend is down
- key level
- Price made a fake broke of it

Also, as I promised once before After 100 like I will write, when is the best to open a position with (Stop loss and Take profit points)

S/L: 1.2680
T/P: 1.2525
T/P: 1.2485
Comment: The main reason why i opened sell it is the price made fake broke of the powerful daily level.

Risk 25 pips. Potential profit in 5 - 10 times bigger.

Trade active: I opened Sell

USE proper risk management Less than 2% of capital/ per position. Because everything can happen - it is trading
Comment: If the price will break down 1.2651 and M30 will close under it. That will start the powerful down move.

Trade active: Selling rally started
Comment: 40 pips done
Comment: Daily candle closed under key level 1.2662 it is a great signal that the price can make that power down move.

you Still can ope sell entry near 1.2640 - 1.2650

S/L: 1.2680
T/P: 1.2525
T/P: 1.2485

Daily chart:
1- hour chart:
Comment: Close 30 % of positin to resuce risk
Trade active: The best place to open Sell is now because the risk is 30 pips only.

IF you didn't open Sell you can do it NOW.

Comment:
Trade closed: stop reached
Comment: GBP/USD close above key level

Intrader traders you can open buy with low risk.
Comment: If 12 hours candle will close under key level i will reopen Sell entry

Trade active: Reopen Sell entry on GBP/USD

S/L: 1.2687
T/P: 1.2525
T/P: 1.2485
Comment: The price is forming double high
It looks that Sell rally can start so soon
Comment: If 1-hour candle will break the upward line and H1 will close under there will be big potential for a Middle - term down move (200 -300 pips)

Comment: The price moved down 80 pips from the entry point. Hold it till Take profit.
Comment: 100 pips done

I hold position till take profit.

you can close 20 - 30% of position to reduce risk.
Comment: i still hold Sell position
Trade closed manually: Half of the position get 120 pips
2nd part close at breakeven
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Heyo Yuri are you still holding down Short till TP. Thanks
Reply
Thank you very much sir . first day we loss. But with your great knowledge we recover our loss and make good profit .
Reply
@Yuriy_Bishko tnx... hats off sir.. after two days battle... ;D
Reply
Closed,thanks!!
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Thank you sir
Reply
Great stuff
Reply
Does TP at 1.2485 still vaild?
Reply
@zuoertai, yes
Reply
@Yuriy_Bishko the price is around that 0.960 . Is closing half positons a good idea ?
Reply
@Yuriy_Bishko Yesterday(Thursday) daily candle closed above the previous one (Wednessday). As you mentioned in the video is it a buy signal for today? (Friday)
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