Here's a structured breakdown of your GBP/USD sell trade setup:
---
🧾 Trade Type:
Sell (Short)
📍 Entry Point:
1.37260
🎯 Take Profit Targets:
TP1: 1.37000
TP2: 1.36600
TP3: 1.36221
🛑 Stop Loss:
1.37695
---
📊 Risk-to-Reward Ratio (approximate):
Target Reward (pips) Risk (pips) RR Ratio
TP1 26 43.5 ~0.60
TP2 66 43.5 ~1.52
TP3 103.9 43.5 ~2.39
> Note: The RR becomes more favorable at deeper targets.
---
⚠ Things to Consider:
SL is relatively wide, so size your position accordingly based on your risk percentage (e.g., 1-2% of account).
Watch major economic events (e.g., BOE or Fed speeches, CPI, NFP) that could spike volatility.
Use a trailing stop after TP1 if you want to secure profits and ride lower.
---
🧾 Trade Type:
Sell (Short)
📍 Entry Point:
1.37260
🎯 Take Profit Targets:
TP1: 1.37000
TP2: 1.36600
TP3: 1.36221
🛑 Stop Loss:
1.37695
---
📊 Risk-to-Reward Ratio (approximate):
Target Reward (pips) Risk (pips) RR Ratio
TP1 26 43.5 ~0.60
TP2 66 43.5 ~1.52
TP3 103.9 43.5 ~2.39
> Note: The RR becomes more favorable at deeper targets.
---
⚠ Things to Consider:
SL is relatively wide, so size your position accordingly based on your risk percentage (e.g., 1-2% of account).
Watch major economic events (e.g., BOE or Fed speeches, CPI, NFP) that could spike volatility.
Use a trailing stop after TP1 if you want to secure profits and ride lower.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.