phol

Possible ABCD pattern on strong resistance.

Short
phol Updated   
FX:GBPAUD   British Pound / Australian Dollar
Possible ABCD pattern on strong resistance zone. Wait for the pullback lower low and lower high using fractal before entering short. If price goes above 1.77060, the trade is not valid.
Trade active:
1st Entry at 1.7574 after pullback.
Comment:
2nd Entry at 1.74942.
Comment:
3rd Entry at 1.74290 with 40 pips SL.
Comment:
3rd Entry SL was hit... Re-entry at 1.74647
Trade closed: stop reached:
1st Entry at 1.75740 close @ positive SL 1.74690 = 105 pips
2nd Entry at 1.74942 close @ positive SL 1.74690 = 25 pips
3rd Entry at 1.74290 close @ negative SL 1.74690 = -40 pips
4th Entry at 1.74647 close @ negative SL 1.74947 = -30 pips

TOTAL WIN PIPS = 60 pips
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