A near perfect ABCD pattern forming on GU with it's "D" point exactly at my green channel resistance.
Entering with Sell Limit as shown.
Trade active
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Entered with sell limit as shown.
Comment
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Profit secured. SL moved to 1.4337
Comments
TAS_is_Goliath_Capital_Growth
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With you man
forexmech
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Agreed . thanks Kyle
forexmech
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Secured Profit on this one and was taken out in profit. If you check H4 do you think still good to short again.
QuileHills
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I agree but I'm going to avoid entering on a Friday, especially this late in the trading day. I'll take close look Sunday and post if I see some potential still.
ahmedfx
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Astrologie Analyse
rainbowolf
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A counter- trend trade. Do you use a trailing stop?
QuileHills
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I often move my stop loss into profit at some point during the trade.
rainbowolf
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If you get a channel break, you could move it there.
QuileHills
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My 22.8 fib (yellow/green border) will probably be my first point of securing profit.
rainbowolf
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Sounds good. Don't forget lots of data coming in tonight.