[GBPUSD] BEARISH SETUP with tight stop

Good morning Traders,
The pair reached our key level (see chart below) around 1.3208 and subsequently triggered a bearish leg that could reach 1.3065 area (BEARISH TARGET 1). That said, if you took a short position, keep it and move stop to breakeven, if you want to try to take a short position, it could be interesting to sell the pair around 1.3150 with a stop loss above 1.3177.

MONEY MANAGEMENT: No good setup to T1 => R/R < 1:3 (use reduce size)

OUR WAVE ANALYSIS
(Click and Play on chart)

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Kommentera:

Our setup is working correctly but has not yet reached our TARGET 1, this being said, if we see resistance breakout at 1.3123, we will close 50% our short position, and stop to breakeven for the rest of the position.

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