This is only an idea for educational purposes.
Because the 8-9 hour candle was almost 35 pips and the planned StopLoss would be 46 pips, I personally think the risk/reward ratio is too small.
I am not going to take this trade myself, but I will still publish it to follow up.
2019.12.06 London Daybreak Idea GBPUSD
GBPUSD Buy Stop entry 1.31650
SL: 1.31191
TP1: 1.31850 (20 pips)
TP2: 1.31997
GBPUSD Sell Stop entry 1.31191
SL: 1.31650
TP1: 1.30991 (20 pips)
TP2: 1.30803
Risk management max. 3%
SL= -46 pips ==> 0.01 lot per 200 $/€
Because the 8-9 hour candle was almost 35 pips and the planned StopLoss would be 46 pips, I personally think the risk/reward ratio is too small.
I am not going to take this trade myself, but I will still publish it to follow up.
2019.12.06 London Daybreak Idea GBPUSD
GBPUSD Buy Stop entry 1.31650
SL: 1.31191
TP1: 1.31850 (20 pips)
TP2: 1.31997
GBPUSD Sell Stop entry 1.31191
SL: 1.31650
TP1: 1.30991 (20 pips)
TP2: 1.30803
Risk management max. 3%
SL= -46 pips ==> 0.01 lot per 200 $/€