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piparmy

GBPAUD Short Position

Short
British Pound / Australian Dollar (FX:GBPAUD)  
piparmy Updated   
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD gbpaudshort algotrading algo algorithmic shorting
13
0
gbpaud gbpaudshort algotrading algo algorithmic shorting
This is a quick short position with only 2 price targets - the 1st target has already been hit and the 2nd should hit during the open or asian session.

Based on our algo and time - this is a very weak position with only 41 pips of potential profit.


Entry Level - 1.6127
1st Target - 1.6000
2nd Target - 1.6088
Comment:
Target #1 Hit again after the open. The retrace back to the entry level has me looking for another short position when a signal presents itself.

Hopefully you were able to capture a few pips on this move down to target #1

We'll keep you all posted.
Comment:
Currently Short again heading for Target #2
Comment:
Target #1 just hit again. Moving a little faster than i anticipated..but i'll take that.
Next stop Target #2 for a close position and take profit.
Comment:
Target #2 Hit Closed position +40 Pips

Hope you grabbed some on the way down.

Position now closed.
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