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faithintrade
Feb 23, 2021 7:56 AM

GBPUSD PRICE TRAP 30M tf 

GBP/USDOANDA

Description

GBPUSD Price Trap - (BUY/SELL)

BUY
Entry: If price break and closes above
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40847
TP1: 1.40973 (13 pips)
TP2: 1.41154 (31 pips)
TP3: 1.41438 (59 pips)
TP4: 1.41682 (84 pips)
TP5: 1.41934 (109 pips)
TP6: 1.42375 (153 pips)
SL: 1.40619 (23 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

SELL
Entry: If price break and closes below
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40610
TP1: 1.40407 (21 pips)
TP2: 1.40198 (42 pips)
TP3: 1.40032 (58 pips)
TP4: 1.39854 (76 pips)
SL: 1.40823 (21 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE

Trade active

price closed above for the buy

Trade closed: stop reached

Buy SL hit, looking for another opportunity to enter

Trade closed: target reached

On the re-entry trade hit for 150 pips!
Comments
Dave-FX-Hunter
Nice view
faithintrade
@Dave-FX-Hunter, thank you!
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