Marenno

GBPUSD Short entry review

Short
FX:GBPUSD   British Pound / U.S. Dollar
The pair is moving towards the
1st target at 1.475
2nd target at 1.470
3rd Target at 1.4525

Sell limit at 1.480, Stop Loss > 1.486
Use 1.475 for Sell Stop

I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy), Sometimes I prefer not to wait till my SL is hit.

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