Long

GBPAUD Post News Long + 100 pip Potential

Updated

This is a post news trade set-up. After negative AUD news (minutes of the Monetary Policy meeting, AUD weakened considerably. After driving up she entered a consolidation range between 1.83277 (high) and 1.8305 (low). A low risk entry can be made at 1.83008 (low + 1 + 2 pips for spread)
Entry = 1.8308
Stop = 1.8288
Risk = 20 pips
PT = 1.8408
Reward = 100 pips
RRR = 5-1

Trade active

This trade has been triggered and is now Active :)

Note

Trade has reached the top of the box. I will close 1/2 my position here and hold the other 1/2. If price retraces to the bottom of the box, I will re-enter another 1/2 position.

Trade active

I have re-enter another 1/2 position at 1.8308 and now have a full position on once more with money in the Bank :)

Trade active

Hate it when a trade is going as planned and somebody (EU's tusk and then Junker0 have to go and open their mouths. That said, if this trade pulls back to flat I will close.

Trade closed: target reached

Closed flat on the 2nd part of the trade. so we booked +20 pips on 1/2 position :)

AGold54

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