EP: 1.5700
SL: 1.5660
1st TP: 1.5770 , final TP: 1.5800
Trade update: 1st TP hit at 11.03am GMT. 50% profit at 70pips. Moved SL to +40pips. Final TP hit at 12.25pm GMT with remaining 50% profit at 100pips.
GBPUSD Analysis - 08 Dec 2010
After waiting for a long time for price to retrace, finally saw a nice green inside candle bar at at 7.30am GMT which also happened to be on the 87.5 % fibonnaci retracement level which also previous resistance turned support level. I set a pending buy order at 1.5700. Within minute, the trade kicked in and i am 26pips in the money.
EP: 1.5700
SL: 1.5660
1st TP: 1.5770 , final TP: 1.5800
Trade update: 1st TP hit at 11.03am GMT. 50% profit at 70pips. Moved SL to +40pips. Final TP hit at 12.25pm GMT with remaining 50% profit at 100pips.
EP: 1.5700
SL: 1.5660
1st TP: 1.5770 , final TP: 1.5800
Trade update: 1st TP hit at 11.03am GMT. 50% profit at 70pips. Moved SL to +40pips. Final TP hit at 12.25pm GMT with remaining 50% profit at 100pips.
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