[TRADE IDEA] GBPUSD could get shorted from the demand zone
Updated
Got 5/5 trades right this week on GBPUSD. Going short on this pair has been a miracle this month. For today I am looking for a shorting opportunity from the [DEMAND ZONE] that I have drawn above (Square Blue Box). With the confluence from 4H bearish move, I am confident with this trade to make 60 pips of profit while risking 20~30 pips (depending on your lot size)
For this trade I am placing [SELL STOP] @1.32440 And if it triggers I will wait for the market structure to form bearish structure before placing my [BREAKEVEN]
Goodluck
For this trade I am placing [SELL STOP] @1.32440 And if it triggers I will wait for the market structure to form bearish structure before placing my [BREAKEVEN]
Goodluck
Trade closed: target reached
Take profit got hitDisclaimer
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.