StenB

GBP/AUD: ENGULFING CANDLE SPOTTED!

OANDA:GBPAUD   British Pound / Australian Dollar
Very nice Engulfing Candle appeared on the resistance levels. Stoploss 9+ pips above highest wick. Risk/Reward Ratio = 1:1. I will take 50% of the profit when it reaches the target. Then i will let it run and see how far it goes. I will take the other 50% of profit when another Engulfing Candle appears!

DO NOT TAKE THIS AS A BUY OR SELL SIGNAL, IF YOU DO I AM NOT RESPONSIBLE!
Trade closed: target reached: Target 1 is hit :) Took 50% of the profit and we now let the trade run, moved stoploss to break-even!
Trade closed: target reached: Took te other 50% at another engulfing candle, trade closed!
Trade closed: target reached

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