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wuweitrader
Apr 17, 2013 12:57 AM

GBPUSD trade setup Short

British Pound/U.S. DollarFXCM

Description

my sell setup of a test an retest; my actual trade is off of the 20 min chart, but this is enough of the same
Comments
wuweitrader
I am out my second half, both for a profit
wuweitrader
Stops moved to about 1.5265 (above recent action/swing highs)
If you used the median line as your target, it was hit nicely and congested there
wuweitrader
I should mention as well, that I have my profit target at the lower parallel (not the median line like my chart above indicates). price should hopefully give a zoom and retest and create structure for me to hide stops behind
wuweitrader
stops have been moved past breakeven; it's very vertical, hard to find structure to hide stops behind
wuweitrader
I am short
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