GBP/USD, Sell.

Güncellendi
GBP/USD open Sell near 1.2650 - 1.2660

Reasons:

- Daily trend is down
- key level
- Price made a fake broke of it

Also, as I promised once before After 100 like I will write, when is the best to open a position with (Stop loss and Take profit points)

S/L: 1.2680
T/P: 1.2525
T/P: 1.2485
Not
The main reason why i opened sell it is the price made fake broke of the powerful daily level.

Risk 25 pips. Potential profit in 5 - 10 times bigger.

anlık görüntü
İşlem aktif
I opened Sell

USE proper risk management Less than 2% of capital/ per position. Because everything can happen - it is trading
Not
If the price will break down 1.2651 and M30 will close under it. That will start the powerful down move.

anlık görüntü
İşlem aktif
Selling rally started
Not
40 pips done
Not
Daily candle closed under key level 1.2662 it is a great signal that the price can make that power down move.

you Still can ope sell entry near 1.2640 - 1.2650

S/L: 1.2680
T/P: 1.2525
T/P: 1.2485

Daily chart: anlık görüntü
1- hour chart: anlık görüntü
Not
Close 30 % of positin to resuce risk
İşlem aktif
The best place to open Sell is now because the risk is 30 pips only.

IF you didn't open Sell you can do it NOW.

anlık görüntü
Not
İşlem kapandı: durdurma seviyesi
Not
GBP/USD close above key level

Intrader traders you can open buy with low risk.
Not
If 12 hours candle will close under key level i will reopen Sell entry

anlık görüntü
İşlem aktif
Reopen Sell entry on GBP/USD

S/L: 1.2687
T/P: 1.2525
T/P: 1.2485
Not
The price is forming double high
It looks that Sell rally can start so soon
anlık görüntü
Not
If 1-hour candle will break the upward line and H1 will close under there will be big potential for a Middle - term down move (200 -300 pips)

anlık görüntü
Not
The price moved down 80 pips from the entry point. Hold it till Take profit.
Not
100 pips done

I hold position till take profit.

you can close 20 - 30% of position to reduce risk.
Not
i still hold Sell position
İşlem elle kapatılmış
Half of the position get 120 pips
2nd part close at breakeven
britishpoundChart PatternsEURUSDForexgujapaneseyenTrend AnalysisWave Analysis

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