GBPUSD – Short signal

Written by Raul Lopez on . Posted in Trades & Analysis. 2 Comments

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
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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
  • Smitak111

    i guess we can not win them all!

    • You are right Smita, thats the reason we usually use a good Risk-Reward ratio, so we dont have to depend on the accuracy of the system (the accuracy is something we cannot control, on the other hand, we have complete control over the RRR).

      Have a good weekend!

      Cheers,

      Raul

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