GBP Short - 17 April 2017
Updated
Background:
- Bearish reversal candle off horizontal resistance @ 1.793 with bearish divergence
Entry:
- Entered at market as last friday shooting star has shown the momentum
SL:
- SL set 20pips above the 13 April bearish marobozu @ 1.801
Others:
- Since this is a counter trend trade, i would look out for early exit point with price reaction off 10/20 and 200MA support
- Bearish reversal candle off horizontal resistance @ 1.793 with bearish divergence
Entry:
- Entered at market as last friday shooting star has shown the momentum
SL:
- SL set 20pips above the 13 April bearish marobozu @ 1.801
Others:
- Since this is a counter trend trade, i would look out for early exit point with price reaction off 10/20 and 200MA support
Trade closed: stop reached
Updates - 19 April 2017:- Stop loss reach with yesterday bullish marobozu close
- Luckily my SL did the job...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.