GBPAUD: Long 1.7600 Still Holding (Update)
Hey Guys,
Still holding my trade that I posted about two weeks ago, however reentered at slightly lower levels. Scared money doesn't make money. As well as PATIENCE. Don't lose a good position for a short term movement. This is why risk management is KEY.
We have been stuck around the 1.7520+ region for a while, however the Weekly level held (Nice wicks on the weekly candles), and the fib 61.8 level added additional confluence, with the 200MA acting as long term dynamic support. Currently trading at
GBPAUD
- but as per post we have cleared the 1.7700 area with a 4H close... we look towards reaching our goal of 1.7900 soon.
Take a look at GBPCAD, looks like it is following similar suit.
Trade safe, trade well.
And remember...
Pippin' ain't easy...
Still holding my trade that I posted about two weeks ago, however reentered at slightly lower levels. Scared money doesn't make money. As well as PATIENCE. Don't lose a good position for a short term movement. This is why risk management is KEY.
We have been stuck around the 1.7520+ region for a while, however the Weekly level held (Nice wicks on the weekly candles), and the fib 61.8 level added additional confluence, with the 200MA acting as long term dynamic support. Currently trading at
GBPAUD
- but as per post we have cleared the 1.7700 area with a 4H close... we look towards reaching our goal of 1.7900 soon. Take a look at GBPCAD, looks like it is following similar suit.
Trade safe, trade well.
And remember...
Pippin' ain't easy...
Trade closed: target reached:
Took a while... but it was worth it. closed off 75% of my position. SL 100pips in profit :) Hope you caught some pips
