AGold54

GBPAUD Post News Long + 100 pip Potential

Long
AGold54 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
This is a post news trade set-up. After negative AUD news (minutes of the Monetary Policy meeting, AUD weakened considerably. After driving up she entered a consolidation range between 1.83277 (high) and 1.8305 (low). A low risk entry can be made at 1.83008 (low + 1 + 2 pips for spread)
Entry = 1.8308
Stop = 1.8288
Risk = 20 pips
PT = 1.8408
Reward = 100 pips
RRR = 5-1
Trade active:
This trade has been triggered and is now Active :)
Comment:
Trade has reached the top of the box. I will close 1/2 my position here and hold the other 1/2. If price retraces to the bottom of the box, I will re-enter another 1/2 position.
Trade active:
I have re-enter another 1/2 position at 1.8308 and now have a full position on once more with money in the Bank :)
Trade active:
Hate it when a trade is going as planned and somebody (EU's tusk and then Junker0 have to go and open their mouths. That said, if this trade pulls back to flat I will close.
Trade closed: target reached:
Closed flat on the 2nd part of the trade. so we booked +20 pips on 1/2 position :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.