GBPUSD | Big Short coming

6 Jul

https://www.tradingview.com/x/TFq77E2U/

We're anticipating a big short coming in GBPUSD.

I added 2 possible main swing trades. Each one have a backup entry in case the main one failed to move in our direction.

#1st Main trade will be as below:
- Entry Price: 1.28159
- Take Profit: 1.27296
- Stop Loss: 1.28260
- R2R: 1:8.5

#Backup for 1st Main Trade in case it hit SL:
- Entry Price: 1.28260
- Take Profit: 1.27296
- Stop Loss: 1.28360
- R2R: 1:9.6

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#2nd Main trade will be as below:
- Entry Price: 1.28525
- Take Profit: 1.27293
- Stop Loss: 1.28675
- R2R: 1:8.2

#Backup for 2nd Main Trade in case it hit SL:
- Entry Price: 1.28675
- Take Profit: 1.27296
- Stop Loss: 1.28896
- R2R: 1:6.3