GBP/USD Price Action Analysis | The Safe Setup

Pound is keep showing weakness against Dollar. Even though shorting at the Range High seems like a good idea, there is still untouched liquidity above. This setup gives a better R/R although being less likely to happen. Playing safe is important.

Entry: 1.2419
SL: 1.2511
TP-1: 1.2211
TP-2: 1.2111
TP-3: 1.1971
R/R: 4.87

‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬


‪The ideas published here are not financial advices. ‬

การซื้อขายยังคงดำเนินอยู่:

Position is opened briefly. Now it needs to close below 1.24 for an optimal scenario, unless it is a bull trap.

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน:

This was a strong bullish momentum. The loss was minimum, the advantage of managing the risk.