Two areas to short, 200 pips of scoot is coming

I like to keep these trade ideas simple, here are the areas of entry, where I want to take profit. If you want to know mow about how I came to this conclusion, leave a comment below.

I'm looking for two areas to short GBPUSD:

ENTRY: sell retracement at 1.2530-70 area OR sell break of low at 1.2365

STOPS: if the lower entry gets filled, my stops will be above 1.2500, if upper gets filled, stops above 1.2750

TARGET: 1.2200/1.2165

BOOM! Let's make some money!

Zlecenie aktywne:

next support to watch is at 1.2300, we saw a little bounce there, I plan on holding onto this trade for a bit longer, I don't want to see it go negative by too much, a few pips is OK but we don't want to risk excessive amounts of pips here. If you got taken out then look for previous entries as points of reentry. The target remains unchanged.