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KOracleFX

STERLING SHORTS vs. GREENBACK SUGGEST 9:1 RISK/REWARD VALUE

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
KOracleFX  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis
2
0
trendanalysis chartpattern beyondta
STRATEGY: Short GBPUSD on retest of broken support
  • 2018.04.30: Weekly close below flag support at around 1.36 figure projects a measured move objective to just above the 1.05 big figure.
    Shorts for half a position around 1.36 and 1.3750 (avg at 1.3675) with stops at 1.4015 for roughly 340 pips but targeting 1.15 and 1.05 for half positions and roughly 2985 pips provides positive risk:reward value of 9:1.
    Fundamentals in line with technical outlook as FED now not just talking the talk but walking the walk of tighter monetary policy.

Article I published on risk management for FX Trader, the name of the game is to stay in the game = disciplined risk management principles.
http://www.fxtradermagazine.com/forex-strategy/fusing-fundamental-and-technical-approaches.php
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