GBPUSD Looking for Short as Reach Daily SNR
Monitoring Zone : 1.36168-1.35973
As the price has touch previous daily RBS, the price most probably will find next SNR to make decision either continue or reversal. The monitoring zone is around 20pips only and in my analysis, this is the safest zone for full margin if the CMP making confirmation once in the zone.
Trading Plan.
SELL ZONE: 1.36168-1.35973
TP FM: 20-30pips (If hold, close half entry and set BE for zero risk position)
SL= 1.36268 , 20pips from last zone
If price make clean breakout from zone (H4), counter setup for buy in the zone.
Entry with confirmation.
Full margin at your own risk. Manage your capital wisely.
As the price has touch previous daily RBS, the price most probably will find next SNR to make decision either continue or reversal. The monitoring zone is around 20pips only and in my analysis, this is the safest zone for full margin if the CMP making confirmation once in the zone.
Trading Plan.
SELL ZONE: 1.36168-1.35973
TP FM: 20-30pips (If hold, close half entry and set BE for zero risk position)
SL= 1.36268 , 20pips from last zone
If price make clean breakout from zone (H4), counter setup for buy in the zone.
Entry with confirmation.
Full margin at your own risk. Manage your capital wisely.