A Great R/R on GBP/USD Short...
A risky play here as GBP/USD rejects and falls back under 1.2667. There are two important highlights about taking a short here:
1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation.
2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1
A $100 risk would net you $1,700
1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation.
2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1
A $100 risk would net you $1,700
Trade active:
Entered short at 1.265
Trade closed manually:
Stopped out at 1.274
Comment:
Since being stopped out I have flipped long and momentum appears to be picking up. I was not able to make a post about this as I was on vacation.
It's not about the money made. It's about the freedom created.