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LFPJona
Aug 23, 2018 5:08 AM

Day 4 - GBPUSD Trading Plan Short

British Pound/U.S. DollarFXCM

Description

After the FOMC Meeting minutes we see a big candle failed to create a higher high. And during Asia market, it started to go down, therefore we shall take this opportunity to join the bears all the way towards Fib Level 61.8

There are two entry point in this plan , all of which the SL are at the same price. Should the price break previous top , we shall exit without any doubt. Calculate the amount of risks you can handle and always take partial profit when it reached 1:1 or 1:2 Risk Reward Ratio.

Good luck chaps.

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Remember to Breakeven SL before the data announce guys.

Trade closed: target reached

Very strange movement.... Closed
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