GBPUSD, Short, RR 1:5 available!
Updated
Good morning ladies & gents,
Cable is positioned to go short this morning in London.
After breaking the market structure on the higher timeframes, I'm looking to take a pullback pending order @ the price indicated on the chart.
I anticipate that price will clear these three objectives below; however, I'll be scaling out of my position as price reaches and fulfills each objective.
Stop will be moved to breakeven after the first objective has been reached.
Good luck!
Cable is positioned to go short this morning in London.
After breaking the market structure on the higher timeframes, I'm looking to take a pullback pending order @ the price indicated on the chart.
I anticipate that price will clear these three objectives below; however, I'll be scaling out of my position as price reaches and fulfills each objective.
Stop will be moved to breakeven after the first objective has been reached.
Good luck!
Note
Objective 1 reached.Note
Re-entry available with a stop at 1.37800Take profit 1 is now the low of the current day, followed by the next two objectives highlighted in the chart.
Trade closed: target reached
Objective two has been reached. Closed the trade out at 1:5.
Solid trade. +5%.
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