GBPCAD Short - 30 December 2016 (only posted on 4 Jan 2017)
Background:
- Multiple bearish price action occurred below the trendline resistance and horizontal resistance @ 1.668
- Subsequently several bearish reversal candle off 50MA resistance after 10/20MA crosses over
Entry:
- Sell stop placed well below the recent consolidation @ 1.64
- Trade triggered on 3 Jan 2017
SL:
- Placed above 50MA resistance @ 1.66
At this point of writing, this trade is up by 30pips.
- Multiple bearish price action occurred below the trendline resistance and horizontal resistance @ 1.668
- Subsequently several bearish reversal candle off 50MA resistance after 10/20MA crosses over
Entry:
- Sell stop placed well below the recent consolidation @ 1.64
- Trade triggered on 3 Jan 2017
SL:
- Placed above 50MA resistance @ 1.66
At this point of writing, this trade is up by 30pips.
Dagangan aktif
Updates - 5 Jan 2017:- Yesterday price closed fairly bearishly which price started bullish but reversed downwards
- Currently the price is hovering around my entry point but the next significant area would only be at previous swing low @ 1.6 region
- I feel good about this pair will go further down.
Dagangan aktif
Updates - 6 Jan 2017:- Price closed a bullish reversal candle after started off bearishly
- Price seems to be stalling at this current location, probably taking a break from gapping down in the 1st trading day of 2017
- To hold on to this trade as the unfavorable bullish reversal candle is not formed at any significant support
Dagangan aktif
Updates - 8 Jan 2017:- The last day of the trading week basically had the bear concluding the bearish tone of the week, with a bear marobozu.
- To hold on to this trade as it is very likely that the price to test the previous swing low @ 1.6
Dagangan aktif
Updates - 10 Jan 2017:- This trade is working well with yesterday candle closed a bearish marobozu after gapping down.
- To increase PT chance and lock in profit I have moved my:
1.) PT from 1.60 to 1.6020
2.) SL from 1.666 to 1.626 (slightly above yesterday bearish marobozu high)
- Lets hope for the best!!!!
Dagangan ditutup: sasaran tercapai
Updates - 11 Jan 2017:- Yes!! this trade ended with PT (1.602) reached on a 381pips gain.
- Yesterday candle started bearish, briefly tested the near round number support of 1.60 area before reversing upwards and closed a bullish reversal candle.
- Might consider bullish trade depending on the future daily price action at the 1.60 support area.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.