Weakness on the market, targeting 1.3075
Today I found a very solid setup at GBP/USD. The strong supply in a high volume entered the market and I saw decreasing volume on the upward leg. and I used Ichimoku in this example. The price crossed the cloud, Tenkan sen crossed Kijun sen and Chikou sen is below the cloud. I don't even need to mention that short-mid term trend is bearish.
Target set at 1.3075 (140 pips)
RISK is 35 pips. (0.5% from account)
I will hold position max 4 hours ...
Target set at 1.3075 (140 pips)
RISK is 35 pips. (0.5% from account)
I will hold position max 4 hours ...
Trade closed manually
Exited on breakeven !!
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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.