Double Trade to Earn Triple Profit on GBP USD 1 Hr Chart
Dear Tradingview family,
Symbol: #GBP_USD
Strategy: #Trendline #Support_Resistance #RSI #Fibonacci_Retracement #Swing_Highs #Swing_Lows #Dow_Theory
TRADE IDEA 1:
Trade Call Type: #LONG.
Order Type: Buy Limit
Indicators: #Price_Action., #Trendline #Support_Resistance #RSI. #Fibonacci_Retracement #RichTL #Dow_Theory
Entry: LONG when price retrace to area of value on Fibo Retracement Level 0.5
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1.24012
Take Profit: 1.25922
Stop Loss: 1.22619
RRR- 1:1.37
TRADE IDEA 2:
Trade Call Type: #LONG.
Order Type: Buy Stop
Indicators: #Price_Action., #Trendline #Support_Resistance #RSI. #Fibonacci_Retracement #RichTL #Dow_Theory
Entry: LONG when price retrace to area of value on Fibo Retracement Level 0.5
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1.25346
Take Profit: 1.26759
Stop Loss: 1.23953
RRR- 1:1
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Symbol: #GBP_USD
Strategy: #Trendline #Support_Resistance #RSI #Fibonacci_Retracement #Swing_Highs #Swing_Lows #Dow_Theory
TRADE IDEA 1:
Trade Call Type: #LONG.
Order Type: Buy Limit
Indicators: #Price_Action., #Trendline #Support_Resistance #RSI. #Fibonacci_Retracement #RichTL #Dow_Theory
Entry: LONG when price retrace to area of value on Fibo Retracement Level 0.5
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1.24012
Take Profit: 1.25922
Stop Loss: 1.22619
RRR- 1:1.37
TRADE IDEA 2:
Trade Call Type: #LONG.
Order Type: Buy Stop
Indicators: #Price_Action., #Trendline #Support_Resistance #RSI. #Fibonacci_Retracement #RichTL #Dow_Theory
Entry: LONG when price retrace to area of value on Fibo Retracement Level 0.5
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1.25346
Take Profit: 1.26759
Stop Loss: 1.23953
RRR- 1:1
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.