GBPUSD
I am looking for short positions on this market as we are still in a bear run.
Price has not broken structure yet nor showed much resistance.
We are targeting lows from 2020 if price breaks through the mid June lows.
Whilst waiting for a reversal candle, a Doji has formed which is a good sign.
I've marked out TP1 for those who are not looking to swing this position.
If you are looking to enter the market, drop down to a lower TF and wait for your confirmations to be met before entering, using the correct risk management.
Risk:Reward - 1:32
Trading For All | All For Trading
Kevin Capital
Price has not broken structure yet nor showed much resistance.
We are targeting lows from 2020 if price breaks through the mid June lows.
Whilst waiting for a reversal candle, a Doji has formed which is a good sign.
I've marked out TP1 for those who are not looking to swing this position.
If you are looking to enter the market, drop down to a lower TF and wait for your confirmations to be met before entering, using the correct risk management.
Risk:Reward - 1:32
Trading For All | All For Trading
Kevin Capital
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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.