Short opportunity on GBPUSD
Weekly long term GMMA (orange) well spread, indicating a high probability of more downside moves.
Order 1:
SL @ 1.4810 area
TG @ 1.4
1:2 risk to reward ration
Trade management; use 1RRR boxes
Order 2:
SL @ 1.48 area
TG is undefined
Trade management; use 1RRR boxes until order 1 hits target. After, use trend volatility line.
Lets see what happens!
Cheers
Weekly long term GMMA (orange) well spread, indicating a high probability of more downside moves.
Order 1:
SL @ 1.4810 area
TG @ 1.4
1:2 risk to reward ration
Trade management; use 1RRR boxes
Order 2:
SL @ 1.48 area
TG is undefined
Trade management; use 1RRR boxes until order 1 hits target. After, use trend volatility line.
Lets see what happens!
Cheers