TradingView
tradingfrog
Jun 16, 2020 12:01 PM

GBPUSD [Pending Short] Short

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Description

⋅
Short Setup - Swing trade
- Sell Stop (Pending oder)
- Looks like another lower high
- Previous candle show market confusion
- I see a much longer low right shoulder

Setup:
- Entry: 1.26324
- Stop: 1.26668
- TP1: 1.25050
- TP2: 1.23730

I think I can do swing trade while I am busy, but will have much lesser trades. Which maybe even a good thing....

Trade active

⋅

Trade closed manually

⋅
TP1 hit and
Closed TP2 at 1.23778.
What a home run trade!
Support and ResistanceSupply and DemandCandlestick AnalysisGBPUSDswingcountertrend
Comments
tradingfrog
⋅
I will close TP1 and move stop to 1x reward.
seyvy
⋅
is it still valid to enter?
tradingfrog
⋅
@seyvy, no already in trade almost TP1
seyvy
⋅
@tradingfrog, OK THANK YOU..
tradingfrog
⋅
Still waiting, she hasn't break down to my entry yet. Remember Sell Stop is entry when it come down not go up. I don't like limit order is I don't know if it will spike (stop hunt) or not.
More