Is GBPUSD going to hit its daily target(2) - Stretch principle

6 thg 9, 2023

In this trade, we are looking at GBPUSD based on the stretch principle. We have put a pending order entry where the low was for today as in the chart image. We are taking the trade according to our smart money framework indicator, our trend alignment with the the higher timeframes and with alignment with the VSA lite indicator.

GBPUSD(Short)
Pending Order

E - 1.2547
SL - 1.2567
T - 1.2531

So far, the trade has taken out the lower stretch line which gives the bigger range from open(BRO) a higher probability to form to the down side. We will be tracking this move and managing it as we go along. Keep a look out for it traders.

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Refer to related ideas links as below

6 thg 9, 2023

Giao dịch đang hoạt động

Pending order entry triggered

6 thg 9, 2023

Đóng lệnh: đạt mục tiêu

Target Hit traders.
Well done to those who caught it.
16pips of profit and @£10 a pip = £160 profit.