GBPUSD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40847
TP1: 1.40973 (13 pips)
TP2: 1.41154 (31 pips)
TP3: 1.41438 (59 pips)
TP4: 1.41682 (84 pips)
TP5: 1.41934 (109 pips)
TP6: 1.42375 (153 pips)
SL: 1.40619 (23 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40610
TP1: 1.40407 (21 pips)
TP2: 1.40198 (42 pips)
TP3: 1.40032 (58 pips)
TP4: 1.39854 (76 pips)
SL: 1.40823 (21 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
BUY
Entry: If price break and closes above
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40847
TP1: 1.40973 (13 pips)
TP2: 1.41154 (31 pips)
TP3: 1.41438 (59 pips)
TP4: 1.41682 (84 pips)
TP5: 1.41934 (109 pips)
TP6: 1.42375 (153 pips)
SL: 1.40619 (23 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40610
TP1: 1.40407 (21 pips)
TP2: 1.40198 (42 pips)
TP3: 1.40032 (58 pips)
TP4: 1.39854 (76 pips)
SL: 1.40823 (21 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Trade active:
price closed above for the buy
Trade closed: stop reached:
Buy SL hit, looking for another opportunity to enter
Trade closed: target reached:
On the re-entry trade hit for 150 pips!