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Wednesday, March 26, 2008
My GBP/USD Trade (26-03-2008)
*Attach chart (Before). Click on it for the enlarged version.
Hello everyone,
Today I opened a short position on the GBP/USD at the price line of 1.9970 at 6:57pm (Singapore Time) | 10:57 (GMT).
Price action movement supported by Fast [Ash C Wave] already down, MAs crossing down, [Ash Cross Over] crossed down and [Ash Down Up] Thick Red Bar.
My Stop Loss at 2.0010 (40pips) above my 200ma and Target Profit 1.9865 (105pips) just above yesterday's low. Risk : Reward = 40 : 105 = 1 : 2.6
I have already shifted my Stop Loss to Protective Stop at 1.9969 (1pip in the money)
Will update as this trade goes by :)
Peace and trade safely everyone...
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