Is GBPUSD going to hit its daily target - Stretch principle

1 Sep 2023

This trade we are looking at on GBPUSD is based on the stretch principle. We have entered on a pending order where the high was for today as in the chart image. We are taking the trade according to our smart money framework indicator and our trend alignment with the the higher timeframes.

E - 1.2690
SL - 1.2654
T - 1.2715

So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders.

To understand our ideas and videos better,we highly recommend watching our following stream videos:

1. 7 steps to achieve consistent trading performance
tradingview.com/streams/CYoTRc9HCd
2.7 steps for strategy construction
tradingview.com/streams/uVszSV1Eyv
3.Stretch principle videos
Refer to related ideas links as below

1 Sep 2023

Dagangan aktif

We got triggered into our limit entry a few minutes ago before we put the update on.

1 Sep 2023

Dagangan aktif

Trailing stop to low of last 1h bar at 1.2665

1 Sep 2023

Dagangan ditutup: hentian tercapai

We missed the target by 3pips.
Trailing stop hit for -25pips.
Remember our edge and keep our focus on consistent execution.