Possible GBP/AUD Short Position!!

SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

SMP Strategy

Chart time frame - H4
Timeframe - 1-3 Days
A – Activating Event
Market will meet resistance in zone @ 1.824 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 1.784
C - Fundamentals
GBP CPI on the 18th Sept @1830 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.784
Target 2 @ ....

Risk/Reward @ 2.5.1

Happy trading :)


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Comment:

Still waiting on the sidelines. Market a little choppy due to the AUD Unemployment rate announcement