GBPUSD - High Risk Trade
Well, this is not your typical high risk trade, but this is the cliche setup that I'll shout, "High Risk, High Return!"
Let me explain why this trading setup is High Risk.
The candlestick did went beyond the PRZ, in layman term the price confirmation zone mark as red rectangle. It touches Point X but didn't violate it(close above X).
The chances of this trade get stopped out is high but the stop-loss that is base on the usual stop-loss level is much lower and this is a potential combo trade aka upsize trade. Which means more than 2 as my profit factor for this trade is 💯 true for my final target
Let me explain why this trading setup is High Risk.
The candlestick did went beyond the PRZ, in layman term the price confirmation zone mark as red rectangle. It touches Point X but didn't violate it(close above X).
The chances of this trade get stopped out is high but the stop-loss that is base on the usual stop-loss level is much lower and this is a potential combo trade aka upsize trade. Which means more than 2 as my profit factor for this trade is 💯 true for my final target
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
tiktok.com/@raynlim
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