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Cherry94
Dec 6, 2018 7:18 AM

Breakout after descending triangle Short

British Pound/U.S. DollarFXCM

Description

Breakout of the descending triangle and "A" price level. Stop loss is above one of the resent candle's high on H4 chart, profit target is around last year's March low.

(Posted post factum)

*This is one of the last three GBP related losing trades. I should pay more attention to closely correlated pairs.
*It feels like my risk isn't so adequate, taking into account the fact that I basically set the profit target at the higher timeframe than my assumed risk.

Trade closed: stop reached

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