Shorted GBP AUD
Shorted GBPAUD as I saw what was a breakout out of congestion.
The 5 D formed by C and D took out the low of B and could signal a change in trend.
Profit as of 326pm in Asia.
The 5D and 18D stats suggested that the down move did 35% and 23% respectively.
My first TP was 67% (it hit during today) and next 78.6%.
Higher Time Frame Trend seems to support the downtrend.
Monthly
Weekly
Let's see how this works!
Managed to catch 2 waves of trade on this one. See journal 8 Sep and 10 Sep. I felt very happy that I managed to hit profit targets although I did feel some regret from TPing too early?
ReplyDeleteSee GBPAUD for where the charts stand now.
ReplyDelete