A high risk reward is offered to us on a bearish pair (because gbp is) by technicals (horizontal & diagonal supports).
+ ~38.2% retrace + typical ABC correction:
Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.
SL ~1.2445.
+ ~38.2% retrace + typical ABC correction:
Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.
SL ~1.2445.
Trade active
Stopped on GBPCHF but I want to compound on my mistake and am now shorting GBPJPYNote
GBPJPY got really close to my SL xdBut back down now,
I want the price to at least clear the 1rst support before I move my stop.
If it goes up I won't short the pound again for a few days...
Note
Bounced on that low go figure.Maybe a strong reaction in either direction will happen at 8 am.
Note
...Trade closed: stop reached
Stopped at the very top as usual. Probably a coincidence for sure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.