Tuesday, October 8, 2013

8th October 2013: Trade #3


Net pips won = 4.5 pips - 0.55 pips = 3.95 pips won

When I saw the bearish candle, I felt that the resistance level at 132.000 would be respected for at least one more time. I went short halfway up the bearish candle, and took profit just above the 50% retracement of the most recent bull move. Reward was 1.5R.

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