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GBP/USD. our position. GO LONG.
we can see a small resistance mark with some price rejection, that could mark a bearish signals.
but the rsi indicator do not show us an overbought of this pair, and the curve still follow a bullish move.
what is to check before entering this position?
-if price get rejected to the previous support/trend line
-get the rsi under 40
how to enter with stop loss and take profit.
to define the take profit add 1 atr under your entry to establish what stop loss you'll go for.
the take profit should be a 1:1 ratio with the stop loss.
the second take profit should be 1.5:1 of the stop loss ration
the last target our tp3 should be an 2:1 reward ratio.
we strongly recomand that you don't enter this trade without those listed confirmation.
you can follow us, we are a team of 5 professional sharing our ideas and trade set up for free.
GBP/USD. our position. GO LONG.
we can see a small resistance mark with some price rejection, that could mark a bearish signals.
but the rsi indicator do not show us an overbought of this pair, and the curve still follow a bullish move.
what is to check before entering this position?
-if price get rejected to the previous support/trend line
-get the rsi under 40
how to enter with stop loss and take profit.
to define the take profit add 1 atr under your entry to establish what stop loss you'll go for.
the take profit should be a 1:1 ratio with the stop loss.
the second take profit should be 1.5:1 of the stop loss ration
the last target our tp3 should be an 2:1 reward ratio.
we strongly recomand that you don't enter this trade without those listed confirmation.
you can follow us, we are a team of 5 professional sharing our ideas and trade set up for free.