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SimpleTradingTechniques
Oct 16, 2016 3:28 PM

GBPUSD - BEARISH Strategy  Short

British Pound/U.S. DollarFXCM

Description


Go short the GBPUSD if it trades at 1.2163 or lower. If triggered, place your stop at 1.2278 and exit the position for a profit at 1.2073 or at your own discretion. (Always invest wisely).

In this idea you don’t get the following:

1. How to identify the trade setup
2. How to identify short term trend
3. How to protect gains in your trade
4. Market deciding price exit for large moves in the market
5. Money management
6. Buy/Sell line which let you know when to buy or when to sell
7. Rules of gap opening

Trade active

Trade closed: stop reached

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