FXjake's Free Pips

I will sell the GBP/USD during the EUR session today, probably around 1.5770

I will target 1.5540 first, then target 1.5350 next.
If the first target is hit I will move my stop to +10 pips or so.
 

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Quote from FXjake:

I will sell the GBP/USD during the EUR session today, probably around 1.5770

I will target 1.5540 first, then target 1.5350 next.
If the first target is hit I will move my stop to +10 pips or so.
More...

I forgot to list my stop.

Stoploss @ 1.5920
 
This trade idea is no longer attractive to me, the Pound is off to the races. I expected it to find resistance at 1.5800 and it never did, so I don't think I will jump in at this point, it has retraced too far and has not printed one bearish bar during the EUR session.
 

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Quote from clarodina:

what is exactly your setup?
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I wait for price to approach a support/resistance zone and then print some bearish (if at resistance) or bullish (if at support) candles, and then I go.

Simple, really.
 
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