GBPUSD – Short signal
I’ve got a signal to go short in the GBPUSD, it is trading in a bearish market condition, the next LT support level is at 1.5660, so we’ve got plenty of room for a good RRR. This is how my short term chart looks like:
This is where I have my levels:
Entry: 1.5908
SL: 1.5957
TP: 1.5690
So I’m risking 49 pips for the possibility to make 218 (a good RRR, what do you think?)
Trade Safe!
Raul Lopez
Price Action