TimStuyts
Short

GBPUSD trade succesful

FX:GBPUSD   British Pound/U.S. Dollar
241 0 7
Last Friday I posted the scenario's I was looking for regarding GBPUSD            

GBPUSD the scenario


I'm not looking for new daily lows but the structure was perfect for trading opportunities.
The short could be entered after the 2 consolidations. This is what I did and my stops are at Break-Even.

Depending on price action and possible pullbacks I will close these positions but once my website is launched I will elaborate how to trade these set-ups on lower time frames.

Another way is to close the first position since it reached R/R 2:1 which is my minimum but that is up to you and your trade plan.

http://www.timstuyts.com

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