GBPUSD SHORT [DAY TRADING STRATEGY]

GBPUSD

In Daily, there is a clear sign of Bullish Enfulfing. Price shall continue to rally.

H1,

There is a sign of retracement. Bearish marubozu formation and price formed a low. Price is expected to have a retracement.
Target to nearest Support level on 1D... it is a profitable trade with 2 x rewards.

RRR 1: 2

Entry level:

Sell @ ~ 1.3140
SL @ 1.3170 (30 pips)
TP @ 1.3080 (60 pips)

Note: Set SL to Break even level when price drop to 1.3100 (BRN zone)

Trade at Your Own Risk (TAYOR)

Trade active:

The trade is activated and price currently playing around 1.3100 BRN level. It is a good idea to adjust SL to Break Even level or BE+/- 30 pips.

Price is approaching target profit.