My thoughts on GBPUSD 12th Jan 2024
GBPUSD sell limit
@ 1.2786
SL 1.2806
TP1 1.2766
TP2 1.2746
TP3 1.2726
TP4 1.2688
(Least possible risk per least lot size per entry = -$2)
I think the cable will rally to that 30min supply zone above recent highs where retail trader's liquidity also lies. Possibly that liquidity will enable the market makers to buy at a premium then drop to take out the recent lows. Risk:Reward = 5.4. I also think EURUSD will emulate the same movement.
EURUSD sell limit
@ 1.1009
SL 1.1040
TP1 1.0970
TP2 1.0940
TP3 1.0910
TP4 1.0055
(Least possible risk per least lot size per entry = -$3.1)
Don't risk more than 2% of your account balance.
@ 1.2786
SL 1.2806
TP1 1.2766
TP2 1.2746
TP3 1.2726
TP4 1.2688
(Least possible risk per least lot size per entry = -$2)
I think the cable will rally to that 30min supply zone above recent highs where retail trader's liquidity also lies. Possibly that liquidity will enable the market makers to buy at a premium then drop to take out the recent lows. Risk:Reward = 5.4. I also think EURUSD will emulate the same movement.
EURUSD sell limit
@ 1.1009
SL 1.1040
TP1 1.0970
TP2 1.0940
TP3 1.0910
TP4 1.0055
(Least possible risk per least lot size per entry = -$3.1)
Don't risk more than 2% of your account balance.
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.