Hello everyone, presenting a potential short setup on the GBP/USD 15-minute timeframe.
The core of this idea is the recent, decisive break of a key ascending trendline. This suggests that the bullish momentum is weakening, and sellers are beginning to step in.
The Plan:
I am not entering the market right away. The plan is to wait for the price to pull back to the designated entry zone, which represents a potential resistance area after the trendline break.
This is a setup to add to your watchlist. I will post an update with the "Trading: active" status if and when the trade is triggered.
Trade Parameters:
🛡️ Pro tips for this trade:
⚠️ Risk only 0.5~1% of your capital per trade.
📉 Secure 50% of profits at TP1 and move your stop loss to the entry point (risk-free)!
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
The core of this idea is the recent, decisive break of a key ascending trendline. This suggests that the bullish momentum is weakening, and sellers are beginning to step in.
The Plan:
I am not entering the market right away. The plan is to wait for the price to pull back to the designated entry zone, which represents a potential resistance area after the trendline break.
This is a setup to add to your watchlist. I will post an update with the "Trading: active" status if and when the trade is triggered.
Trade Parameters:
- [] Entry Zone: Marked on the chart (~1.3515 area)
[] Stop Loss (SL): Marked on the chart (~1.3535, above the recent swing high) - Take Profit (TP) Targets: Multiple levels marked on the chart.
🛡️ Pro tips for this trade:
⚠️ Risk only 0.5~1% of your capital per trade.
📉 Secure 50% of profits at TP1 and move your stop loss to the entry point (risk-free)!
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
Trade closed: stop reached
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.
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.