masterthemarkets2010

Is GBPUSD going to hit its daily target(2) - Stretch principle

Short
FX:GBPUSD   British Pound / U.S. Dollar
In this trade, we are looking at GBPUSD based on the stretch principle. We have put a pending order entry where the low was for today as in the chart image. We are taking the trade according to our smart money framework indicator, our trend alignment with the the higher timeframes and with alignment with the VSA lite indicator.

GBPUSD(Short)
Pending Order

E - 1.2547
SL - 1.2567
T - 1.2531

So far, the trade has taken out the lower stretch line which gives the bigger range from open(BRO) a higher probability to form to the down side. We will be tracking this move and managing it as we go along. Keep a look out for it traders.

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Trade active:
Pending order entry triggered
Trade closed: target reached:
Target Hit traders.
Well done to those who caught it.
16pips of profit and @£10 a pip = £160 profit.

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