GBPAUD - SHORT - 5 TO 1 WIN VS RISK - POTENTIAL TRADE

Hello all

With GBPNZD moving lower (gradually on a related trade) I am looking for AUD strength too. I think the recent break out lower on AUDUSD is a bear trap and in turn will go higher. In turn, I expect GBPAUD to go lower.

On reviewing the price action, It has printed a Bearish Butterfly pattern on the 1 hour chart at a good level and in turn I do expect this to start to cycle lower. it has just printed a 1 our engulfing bearish candle

Quite a tight stop and I have reduced my risk due to this so instead of having my stop above the swing high for 1%, I have placed it as indicated - same lot size however only risking 0.5%

I can still win the same however I'm reducing my risk by 50% of the normal capital amount. 35 pip instead of 70 ish pips.


If the low of the 1hour candle is broken, I will be in the trade

Lets see how it plays out.

thanks for looking

Duncanforex.com coming soon

การซื้อขายยังคงดำเนินอยู่:

Hi all, stop moved to 1.8670 and I am expecting another movement lower

การซื้อขายยังคงดำเนินอยู่:

Trade live - got stopped out on first entry as moved stop loss down (doh), re-entered on bearish engulfing at 1.8628 - stop loss is at 1.8590 due to AUD news coming out over night

การซื้อขายยังคงดำเนินอยู่:

hello all, trade is still live and going well , stop loss is now moved to entry point

การซื้อขายยังคงดำเนินอยู่:

Trade continues to go lower - just getting in at 1am BST on bearish engulfing candle at 1.8560 to add to my position

ปิดการเทรด ด้วยตนเอง:

Hi all trade closed at 1.8426 for a near 4 to 1 win