GBPUSD High Probability Sell Setup

If price breaks the lower trendline of the triangle, it will offer us a high probability short setup. A RSI divergence is a good sign that this breakout is about to happen.

Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss at the second one to breakeven.

Regards,
John

Dagangan aktif:

Most likely price will make a little correction before going down..

Dagangan ditutup: sasaran tercapai:

We now move stoploss to breakeven at second position

Dagangan ditutup: sasaran tercapai:

Very nice result to this setup.. Both targets reached with second position giving us a very nice 2.8:1 r/r