Wednesday, April 17, 2013

GBP / USD UPDATE: 17/04/13. 09:48

GBP / USD:

The trade has been triggered and is currently in profit by 25 pips.

I have entered on a break at 1.5325 with 0.5% risk.

I will hold the stop at 1.5355 for the time being, as there is likely to be a pull back to the entry level.

I will remove the risk as soon the chart allows me to.

Should the pull back take place, I will consider adding to the position with another 0.5% position.

The total risk will never be more than 1%.

Chart below:

 


I will update again later this morning.

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