Based on the details provided, here’s an outline of your GBP/USD
1. Trend: Bearish
2. Entry Point: 1.26000
3. Target (Take Profit): 1.22000
4. Stop Loss: 1.29000
Key Notes:
Risk/Reward Ratio:
Risk (Stop Loss): 300 pips (1.26000 to 1.29000)
Reward (Target): 400 pips (1.26000 to 1.22000)
Risk/Reward Ratio: 1:1.33 — acceptable for many strategies.
Lot Size & Risk Management:
Ensure your lot size aligns with your account's risk tolerance. A general rule is to risk no more than 1-2% of your account balance per trade.
Confirmation:
Look for additional confirmation signals such as candlestick patterns, momentum indicators, or resistance levels around 1.26000 to strengthen your entry decision.
2. Entry Point: 1.26000
3. Target (Take Profit): 1.22000
4. Stop Loss: 1.29000
Key Notes:
Risk/Reward Ratio:
Risk (Stop Loss): 300 pips (1.26000 to 1.29000)
Reward (Target): 400 pips (1.26000 to 1.22000)
Risk/Reward Ratio: 1:1.33 — acceptable for many strategies.
Lot Size & Risk Management:
Ensure your lot size aligns with your account's risk tolerance. A general rule is to risk no more than 1-2% of your account balance per trade.
Confirmation:
Look for additional confirmation signals such as candlestick patterns, momentum indicators, or resistance levels around 1.26000 to strengthen your entry decision.
Disclaimer
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