Dear traders,
Here is your GBPUSD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the USD stands at “7”, meaning that the USD is stronger than the GBP, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time.
Our 1st SELL Limit is placed at 1.3949 (with a 1% risk position size)
Our 2nd SELL Limit is placed at 1.3935 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.3795
Our Stop Loss is placed at 1.3980
This is a 140 PIPS trade - Risk Reward 1:4
Chart Timeframe; H4
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Trade Smartly.
Here is your GBPUSD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the USD stands at “7”, meaning that the USD is stronger than the GBP, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time.
Our 1st SELL Limit is placed at 1.3949 (with a 1% risk position size)
Our 2nd SELL Limit is placed at 1.3935 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.3795
Our Stop Loss is placed at 1.3980
This is a 140 PIPS trade - Risk Reward 1:4
Chart Timeframe; H4
Thank you. Like & Subscribe.
Trade Smartly.