This is only an idea for educational purposes.
Because the 8-9 hour candle was almost 35 pips and the planned StopLoss would be 46 pips, I personally think the risk/reward ratio is too small.
I am not going to take this trade myself, but I will still publish it to follow up.
2019.12.06 London Daybreak Idea GBPUSD
GBPUSD Buy Stop entry 1.31650
SL: 1.31191
TP1: 1.31850 (20 pips)
TP2: 1.31997
GBPUSD Sell Stop entry 1.31191
SL: 1.31650
TP1: 1.30991 (20 pips)
TP2: 1.30803
Risk management max. 3%
SL= -46 pips ==> 0.01 lot per 200 $/€
Because the 8-9 hour candle was almost 35 pips and the planned StopLoss would be 46 pips, I personally think the risk/reward ratio is too small.
I am not going to take this trade myself, but I will still publish it to follow up.
2019.12.06 London Daybreak Idea GBPUSD
GBPUSD Buy Stop entry 1.31650
SL: 1.31191
TP1: 1.31850 (20 pips)
TP2: 1.31997
GBPUSD Sell Stop entry 1.31191
SL: 1.31650
TP1: 1.30991 (20 pips)
TP2: 1.30803
Risk management max. 3%
SL= -46 pips ==> 0.01 lot per 200 $/€
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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.
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.