GBP/USD (1.6431). My intraday trading system would go SHORT at 1.6382 if the level trades before 13:00 CET. If the system does go SHORT, a protective stop-loss will be placed at 1.6456. The system is designed to exit at 3 different price levels, the first of which is set at 1.6333. If this profit-take level is hit, 33% of the position will be closed out and the stop will be moved to breakeven. If GBP/USD registers a new session high, a new entry trigger will be calculated.
Notes: This system can only make one trade per day and all open positions are exited at 22:00 CET.
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