I have a Bearish Stance on the GBPUSD, EURUSD and EURCAD.
- Previous Day Low Broken - indicating lower price (or it might be a false break...rekt!)
- Entry at Retracement towards Consolidation Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's Low
- 1:3+ RR (35pips risk/130+pips Reward)
- TP#1 - Current Week' Tuesday's Low
- TP#2 - Current Week' Monday's Low
Use at own risk.