GBP/USD short
GBP/USD One hour trading report overview
Tickets (EP): 1.2795
Reason: Select the 1.2795 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities
exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 1.2868
Rationale: Stop loss is set at 1.2868, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect
the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 1.2711
Reason: Take profit level is set at 1.2711 The strategic goal is to maintain reasonable profits when the price is close to the previous
support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 84pips (840usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market
conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to
monitor the market closely and adjust your trading strategy accordingly.
Tickets (EP): 1.2795
Reason: Select the 1.2795 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities
exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 1.2868
Rationale: Stop loss is set at 1.2868, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect
the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 1.2711
Reason: Take profit level is set at 1.2711 The strategic goal is to maintain reasonable profits when the price is close to the previous
support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 84pips (840usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market
conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to
monitor the market closely and adjust your trading strategy accordingly.
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