TRADE PARAMETERS
Pick Date : 03/22/18
Entry : 1.4300
Stop : 1.4325
Target : 1.3900
TRADE STRATEGY
Income Type : Swing
ENTRY
1.4300 is an un-tested 1H supply zone outside of the range. Will be doing a set and forget limit order. Price will need to have a strong move into the zone.
STOP
1.4325 is 25 PIPs right outside of the high for some protection. When I trade GBP I usually have a wider stop but will position size accordingly.
TARGET
1.3900 is 400 PIPs down in a daily demand area with several 4H demand zone nested. Price will struggle to break the first test.
Pick Date : 03/22/18
Entry : 1.4300
Stop : 1.4325
Target : 1.3900
TRADE STRATEGY
Income Type : Swing
ENTRY
1.4300 is an un-tested 1H supply zone outside of the range. Will be doing a set and forget limit order. Price will need to have a strong move into the zone.
STOP
1.4325 is 25 PIPs right outside of the high for some protection. When I trade GBP I usually have a wider stop but will position size accordingly.
TARGET
1.3900 is 400 PIPs down in a daily demand area with several 4H demand zone nested. Price will struggle to break the first test.
Comment:
Trade idea is still valid price has not come close yet.
GBPUSD : SELL