GBPAUD SHORT MARKET MONDAY EP2
Trade (1) (ALREADY ENTERED - See related idea)
Entry Type : Limit Sell @ 1.90475
Stop Loss : 1.91150
Take Profit : 1.84000
R/R : 9.63
R/R % : .50% / 4.81%
Trade (2) (ALREADY ENTERED - See related idea)
Entry Type : Market Sell @ 1.90725
Stop Loss : 1.91150
Take Profit : 1.84000
R/R : 15.86
R/R % : .25% / 3.96%
Technical Analysis:
Price Action has broken out of the descending channel and has reached the 1.90 - 1.91 supply zone , thus creating a double top formation. I am expecting price to pull back to the 1.84 level.
Entry Type : Limit Sell @ 1.90475
Stop Loss : 1.91150
Take Profit : 1.84000
R/R : 9.63
R/R % : .50% / 4.81%
Trade (2) (ALREADY ENTERED - See related idea)
Entry Type : Market Sell @ 1.90725
Stop Loss : 1.91150
Take Profit : 1.84000
R/R : 15.86
R/R % : .25% / 3.96%
Technical Analysis:
Price Action has broken out of the descending channel and has reached the 1.90 - 1.91 supply zone , thus creating a double top formation. I am expecting price to pull back to the 1.84 level.
Trade closed: stop reached
Trade stopped at break even after floating 100 - 200 pips in profit.
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Related publications
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.