Potential Sell opportunity for GbpAud
Updated
Shorted the GbpAud to anticipate the right shoulder to form (Head and Shoulder pattern), rejecting from the resistance area.
My position -
Entry : 1.7785
SL : 1.7885
TP : 1.7635
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
My position -
Entry : 1.7785
SL : 1.7885
TP : 1.7635
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Note
Trailed my SL @ 1.7840Trade active
Pin bar formed on daily chart, rejecting from the resistance area.Added some position @ Pin Bar closed
Stop Loss remain @ 1.7840
Profit Target remain @ 1.7635 (providing a good 1 : 2 risk and reward)
Trade closed manually
Was in the trade for the past week and GbpAud simply couldn’t go lower and hit my TP, I closed my position manually with only a little profit which I considered it as breakeven. My trading record since Feb 2018
-1r
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