GBPUSD 4H
Long or Short: SHORT
Entry Point: 1.5485
Stop Loss: 1.5550
Profit Target/s: 1.5300
Reward-to-risk Ratio: 185:65 or roughly 3:1
Risk percentage: 1%
Indicators: 100SMA (red line)
Trade rationale: double top formation, will look to play a break of the 1.5500 support level. i think NFP could serve as perfect catalyst for a big move just before the weekend
Trade adjustments: moving my stop to breakeven at +50 pips
Hi my friend…
In my chart rsi and stoch indicating over sold conditions…!!! So i will not agree with you…sorry for inconvenience…thank you…
Even though, indicators are showing oversold conditions, Price action is in favor to find new lows. I think the target may be reached today itself after the NFP release.
ok friend…:31:
now i have to agree with youu…and really sorry …if you hurt…
AND REALLY YOU DID A GREAT JOB…CONGRATS…