Yuriy_Bishko
Short

British Pound (GBP/USD), Trading Plan

FX:GBPUSD   British Pound / U.S. Dollar
The price broke down flag
It's a Sell signal.

You can open Sell entry near 1.2640- 1.2650
Goal 1.2540
Comment: Price is still bearish
Comment: S/L you can set above 1.2670
Comment: wait where the 1-hour candle will close. If it will close under 1.2663 there will be reopen of sell
Comment: Price close under key level, you can reopen sell entry
Comment: GBP/USD hold sell position
S/L above 1.2675

Trade closed: stop reached
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Comments

Humble question: could you please explain why the target is 1.2540? Thank you!
+3 Reply
@zuoertai, before key level
Reply
zuoertai Yuriy_Bishko
@Yuriy_Bishko, Yes I can see that. Another question is that why do you believe the selling momentum is strong enough to reach the target? Thanks a lot!
+2 Reply
@zuoertai, yes
Reply
Rafafada zuoertai
@zuoertai, normally the target would be the height of the back of the wedge and by extending that distance down from the trend line breakout but it seems he count on the support.
Reply
it would be nice if its a sharp drop instead of zigzag
+1 Reply
lehlogonolo lehlogonolo
Reply
i lost more than 80% of my capital on this trade
+1 Reply
RDUG tooler619
@tooler619, much?
Reply
@RDUG, 101 usd
Reply
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