My GBP/USD Trade (27-02-2009) --- Position Squared

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Trade Ticket time displayed is based on US Eastern Time

Ignore the red and blue arrows on the chart.
Those are not my trades done. It is just analysis purposes.

Hey everyone,

My trade on the GBP/USD (27-02-2009).

After how yesterday's price went, my 200ma and Weekly Pivot Point seems to be a strong resistance. I am looking into a little bit of selling today on this pair.

After price action broke the minor support of the morning movements,my MAs are down, Fast MACD is down and my Stochs are down. I placed an order to sell at the price line of 1.4250. My order was filled in like around 20mins at 3:45pm (Singapore Time).

Stop Loss at 1.4285 (35pips) and Target Profit at 1.4175 (75pips). Risk : Reward = 35 : 75 = 1 : 2.14. Why Target Profit at 1.4175? It seems like a good support for the last two days and it is just above today's Pivot S1.

Basically, I didn't look at my trade after I shifted my Stop Loss to entry price during the next hour. When I came back to see on my trade, my Target Profit has been executed at 4:49pm (Singapore Time).

75pips profit for this trade :)

Peace and trade safely everyone...