GBPUSD SHORT [DAY TRADING STRATEGY] FX:GBPUSD
In Daily, there is a clear sign of Bullish Enfulfing. Price shall continue to rally.
H1,
There is a sign of retracement. Bearish marubozu formation and price formed a low. Price is expected to have a retracement.
Target to nearest Support level on 1D... it is a profitable trade with 2 x rewards.
RRR 1: 2
Entry level:
Sell @ ~ 1.3140
SL @ 1.3170 (30 pips)
TP @ 1.3080 (60 pips)
Note: Set SL to Break even level when price drop to 1.3100 (BRN zone)
Trade at Your Own Risk (TAYOR)
