Wednesday, March 7, 2012

7th March 2012 - pinbar on GBPAUD

An auspicious pinbar formed overnight on the GBPAUD off resistance. GBPAUD has been ranging for the last few months and this seems like a good probability trade.

Rather than use a trailing stop loss, I've decided to split my order into two, with a TP at support level #1 and a second TP at support level #2.

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