Trade of the Week: Rock and Payper

GBPUSD
Date setup: 1/21/24

Key things to review:
1)We marketed up on the 4hr time Frame . There is a red trend line that signifies a rock trade for a buy position.

2)Red Upwards trend line line up with a small consolidation box . If it breaks below it is an indicator that the market is a sellers position

3) Follow white path tool : it shoots down to the white 50% line @ 1.26374
And creates a Break n retest. Then enter a Sell Position.

4) Make sure you identify all your floors and earths


Standard Rules:
Risk only 5% of account
Always measure and calculate your Take profit and Stop Loss
TP 1 = 100 pips
TP 2 = 150 pips
TP 3 = 200 pips