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tradingfrog
Jun 19, 2020 11:00 AM

GBPUSD [Pending Long] Long

British Pound/U.S. DollarFXCM

Description

Long fishing setup
- Buy Stop (pending order)
- Previous short trade TP2 is a strong support
- Price seems not able to get through it
- Let's see if it able to bounce of from there

Setup:
- Entry: 1.23874
- Stop: 1.23733
- TP1: 1.24399
- TP2: 1.25084

Order cancelled

Cancel for now due to push stop line before trigger.

Following each lower low bearish candle, will move buy stop down until it trigger

Comment

Entry update:

Comment

New entry:

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Above entry:
- Entry: 1.23777
- Stop: 1.23662

Comment

Still waiting

Comment

New update:


Entry: 1.23751
Stop: 1.23593

Expiry 2 M15 candles!!!!

Comment

One more candle close if not trigger I will be out automatically

Trade active

I am in 1.23720

Comment

Any one in trade? I had 3 positions with this trade. I will close one position when it come to 2x reward. and let the remain trades run. With that insurance position I will tail the stop. right now it 0.5x reward.

Trade closed manually

Close the insurance positions @ 1.24084. Therefore remaining trade even stop out will be risk free. How good is that!

Comment

Forgot to post my higher timeframe analysis:
Comments
manyvtc
Your chart is invalided now
manyvtc
Should sell now no more bull
tradingfrog
@manyvtc, Thanks for the sell otherwise I can't buy
manyvtc
Lolz never mind. I am out of trade already
tradingfrog
initialjie
bull trap, sell now!
tradingfrog
@initialjie, Thanks for selling to me at cheap price.
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