GBPUSD Bearish Scenario November 6 2018
Looking for sells on GBPUSD via limit order at 1.31250 / 1.31350 with a 30-35 pip stop loss!
Targeting 1.29600 for a 4.5 reward to risk ratio trade idea and I would expect this trade to be completed by early next week
We have the Federal Funds rate occur on Thursday November 8 which could cause bullish movement on the DXY (XXX/USD pairs go down) and there are several factors on the technical side (trendlines/structure/fibonacci/trend/larger timeframes) that act as positive indications that this trade could have a high probability of being a successful outcome.
As always trading involves risk and I am not a financial advisor. Any action you take is at your discretion and I encourage you to practice with a demo account.
Targeting 1.29600 for a 4.5 reward to risk ratio trade idea and I would expect this trade to be completed by early next week
We have the Federal Funds rate occur on Thursday November 8 which could cause bullish movement on the DXY (XXX/USD pairs go down) and there are several factors on the technical side (trendlines/structure/fibonacci/trend/larger timeframes) that act as positive indications that this trade could have a high probability of being a successful outcome.
As always trading involves risk and I am not a financial advisor. Any action you take is at your discretion and I encourage you to practice with a demo account.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.