KrishB20

GBPUSD Morning trade! Short Market correction

Short
KrishB20 Updated   
FX:GBPUSD   British Pound / U.S. Dollar


  • **Title** - GBPUSD Morning trade! Short Market correction
  • **Symbol and Timeframe**- 15 min to 1 hr
  • **Overview**- The market will be red today, Yesterday market fulfilled the orders for 30th May, which is FFLC. the market is in the golden fib zone which means retracement or downtrend is a must, market movement is slow, so it will be a wise decision to follow a long-term trend and get a small position in the morning, so the London session and new york session if goes accordingly in red then risk reward for me increases.
  • **Chart Analysis**- Down Short Position
  • **Entry**- 1.24374
  • **Stop Loss**- 1.24502
  • **Take Profit**- 50%- 1.24100 - 50%- 1.23900
  • **Risk-Reward Ratio**- 1:2 & 1:3

Disclaimer : This is my viewpoint, trade on your analysis only
Comment:
Good entry Will be trailing stop loss as the price comes near1.24100
Trade closed manually:
Closing Trade confused!
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