BenWright21
Short

Possible GBP/USD Short position!!

FX_IDC:GBPUSD   British Pound / U.S. Dollar
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.325 - .... and fall to the @1.28 In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.28

FX:GBPUSD

Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 1.28
Target 2 @ ....

Risk/Reward @ 4.1

Happy trading :)


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Comments

BenWright21 Amid_Mammad
@Amid_Mammad, You are on track!! I entered with a short position @1.331 with a tight stop :) How did you go? Happy trading
Reply
Nice ! I'm with you on this one. Good luck and good job sir ;)
Reply
@BobFlynn, Great One!! Haven't entered yet but maybe entering within the next couple of hours :)
+1 Reply
BobFlynn BenWright21
@BenWright21, Yeah, I'm expecting a bull exhaustion soon. Oscillators are showing some divergences. Maybe one more higher high and then doom. 1.33 seems really strong !

Enjoy ;)
Reply
@BobFlynn, If the GBP pushes above the 1.331 level, the market is too strong and I won't be taking a short position. Happy Trading :) Lets see what happens
Reply
@BobFlynn, I am really liking how fast the GBP is going up. The faster it climbs the faster it falls :)
+1 Reply
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