Trend Trade on GBPAUD for 2.4-to-1 Reward!
Our @FollowMyForex trend trading system just gave a new signal, this time to short the GBPAUD.
This trade carries a nice 2.4-to-1 reward to risk ratio and we'll be taking 50% off at the first target. After that we'll let the trade do it's thing and ride out the rest of the position to target 2.
All the GBP pairs have been in an incredible bearish trend over the past few weeks and as trend traders we have been able to capitalize on this entire move. Nobody knows how far these GBP pairs might still fall but that's the beauty of trend trading, you are almost always wrong if you try to guess the top or bottom. Rather just trade a great system with a proven edge.
Trade safely, updates to follow.
This trade carries a nice 2.4-to-1 reward to risk ratio and we'll be taking 50% off at the first target. After that we'll let the trade do it's thing and ride out the rest of the position to target 2.
All the GBP pairs have been in an incredible bearish trend over the past few weeks and as trend traders we have been able to capitalize on this entire move. Nobody knows how far these GBP pairs might still fall but that's the beauty of trend trading, you are almost always wrong if you try to guess the top or bottom. Rather just trade a great system with a proven edge.
Trade safely, updates to follow.
Comment:
First profit target hit on the trend trade! #trendanalysis
Trade closed manually:
Last position stopped out, overall a breakeven trade. On to the next!
