GBPUSD LONG 250PIPS! UPDATE!

Hello traders, today we have ourselves a lovely GBPUSD short.

Confluences:

• Structure Level
  
• USD Weakness & GBP Strength creating resistance
  

With this trade we have ourselves a lovely R:R (Risk:Reward) of 1:8.3! This is a insane ration and definitely not one to miss.
We have a 30 pip stop loss for our trade which is above the previous structure level. If we hit Stop loss we will look for another entry in the structure level below.

I have set 2 Take profit zones for this trade,
The first profit taking area is at 90 pips at 1.379 in the structure level and fib level
Our second profit taking area is at 250 pips at 1.3915

Please remember to like and follow for more ideas like this!

Also check out my other trading ideas below! I post educational content so you can learn to trade just like me!

Yorum:

Price has reacted very well from our fib level

İşlem kapandı: durdurma seviyesi:

Price hit SL level which was at +2 pips securing no loss for this trade, Posted a reentry position on my profile