TaurenChieftain

2019-03-11 16:53 GMT+08:00 GBPUSD Daily Buy

Short
TaurenChieftain Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar

Open conditions:
1. Buy market at 1.2999
2. EMA (20) > MA(72)
3. Pull back up to EMA (20)
4. Pull back more than 30pip today (almost)
5. Already bear for 7 days,
and the buy bars are bigger and bigger
6. London market opened 2 hours (only 38 mins)
7. Assume ATR is 105, more than 50 pips to TP

Stop loss:
1. 40 pips
2. 1.5% risk, try if the price will turn up

Take profit:
1. 1.3065 (65 pips)
2. Daily volatility
3. Don't trail stop loss
Trade closed: target reached:
6. London market opened 2 hours (only 38 mins)
--------
Opened too earlier.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.