Tuesday, January 29, 2013

GBP / AUD UPDATE: 29/01/2013 17:21HRS

GBP / AUD:

Price has pulled back and my first order at 1.5070 has been hit.

I had adjusted the levels slightly before the trade was triggered, therefore the initial stop loss was at 1.5110.

I am now short with 0.5% exposure and a 40 point stop loss.

Price has made its move away from the entry and I have been able to move the stop loss to break even eliminating the risk on the position.

Chart below:

 
I will hold the position until either my limit or stop loss order is hit.
 
I will update again tomorrow morning.
 
Have a good evening
 
Regards
 
 

No comments:

Post a Comment