Short opportunity on GBPUSD
Weekly long term GMMA (orange) well spread, indicating a high probability of more downside moves.
Order 1:
SL @ 1.4810 area
TG @ 1.4
1:2 risk to reward ration
Trade management; use 1RRR boxes
Order 2:
SL @ 1.48 area
TG is undefined
Trade management; use 1RRR boxes until order 1 hits target. After, use trend volatility line.
Lets see what happens!
Cheers
Weekly long term GMMA (orange) well spread, indicating a high probability of more downside moves.
Order 1:
SL @ 1.4810 area
TG @ 1.4
1:2 risk to reward ration
Trade management; use 1RRR boxes
Order 2:
SL @ 1.48 area
TG is undefined
Trade management; use 1RRR boxes until order 1 hits target. After, use trend volatility line.
Lets see what happens!
Cheers
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.