GBPUSD Short

British Pound/U.S. DollarFXCM

Description

⋅ Sep 25, 2014 1:04 AM

Market consolidated within previous day's pin bar, forming an inside bar below the resistance zone.

Will be looking to add a second position at the break of the mother bar.

Please refer to the link below for the idea on my first position. I will be treating these two positions as two separate setups and trades.

USD (US Dollar)structure priceaction

Comments

Casey_Yeo

⋅ Oct 16, 2014 1:03 AM

UPDATE: Second position stopped out for profit.

Casey_Yeo

⋅ Oct 15, 2014 1:30 AM

UPDATE: TP which has been adjusted to 1.5880 has just been hit for first position. Second position's SL moved down to 1.6010 with TP shown below. May re-consider the TP for second position.

Casey_Yeo

⋅ Oct 3, 2014 2:45 AM

UPDATE: Market has finally broken and closed below the minor support 1.6160 yesterday and reached 2R for my first position. SL for both positions were moved to BE point of the second position. TP for first position was adjusted as per chart below.