Trade Plan (Pending): I am selling GBP/USD at 1.2760
I am setting this trade plan going into the UK budget report.
The 8-hour chart highlights the completion of a bearish Gartley formation at 1.2761.
We have bespoke support located at 1.2637 and 1.2634.
The four-hour chart highlights an expanding wedge formation that has a bias to break to the downside. Using 1.2761 as a projected high, we will form a Butterfly pattern using bespoke support as the projected AB leg.
Selling at 1.2760 (Gartley), with a stop loss of 1.2800 (above the previous swing high), and a target level of 1.2634 (bespoke), offers a risk-reward factor of 3.12R.
I am selling GBP/USD at 1.2760
SL: 1.2800
TP1: 1.2637
Risk/Reward Ratio of 3.12R
#tradeplan #GBPUSD
The 8-hour chart highlights the completion of a bearish Gartley formation at 1.2761.
We have bespoke support located at 1.2637 and 1.2634.
The four-hour chart highlights an expanding wedge formation that has a bias to break to the downside. Using 1.2761 as a projected high, we will form a Butterfly pattern using bespoke support as the projected AB leg.
Selling at 1.2760 (Gartley), with a stop loss of 1.2800 (above the previous swing high), and a target level of 1.2634 (bespoke), offers a risk-reward factor of 3.12R.
I am selling GBP/USD at 1.2760
SL: 1.2800
TP1: 1.2637
Risk/Reward Ratio of 3.12R
#tradeplan #GBPUSD
Not
stop loss to entry
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.