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TRADE2PROFIT_ACADEMY
Feb 7, 2023 6:56 AM

GBPUSD Sell Setup Short

British Pound/U.S. DollarFXCM

Description

We can see the formation of a a reverse head and shoulder. Therefore, let us see how price reacts to the previous key level and see a confirmation sell candle before taking a sell position.
Note: First sell Set-Up has a risk managemenet of 1:2 while teh second is 1:3. Or you can take your first tp in the first set up and see if price reaches the second tp.
Comments
JoeChampion
Great pattern there!
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