1.2955 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 1.29013.
If price breaks above 1.2955 then it should hit 1.2980.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell GBP/USD @ 1.2935
Stop Loss @ 1.2955
Take Profit @ 1.29013
Trade 2 (Risk 1% of your account size);
Buy Stop GBP/USD @ 1.2955
Stop Loss @ 1.2935
Take Profit @ 1.2980
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks above 1.2955 then it should hit 1.2980.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell GBP/USD @ 1.2935
Stop Loss @ 1.2955
Take Profit @ 1.29013
Trade 2 (Risk 1% of your account size);
Buy Stop GBP/USD @ 1.2955
Stop Loss @ 1.2935
Take Profit @ 1.2980
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Trade active
Trade 1 is activeTrade closed: stop reached
Trade 1 hit stop loss levelTrade active
Trade 2 is activeTrade closed: target reached
Trade 2 profit level hit.Net profit + 30 pips
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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.