***Trade Update*** Pound - Dollar Trade

10 июн. 2016 г.

So now the market just going south without retracement for my Previous Bullish Bat Trade. But i think there is a lot of opportunities in getting involve in this market. This is my trade idea only. The price now makes lower low, lower close. There is a potential to get short at area (Potential future resistance) where Previous Structure Support may become Resistance. Or around 61.8% retracement of the leg.

Aggressive move: Pending order around 1.43663
Conservative move: Look for price action between 1.44409 - 1.43663/ Double top/

Stop Loss needs to be above Previous Structure High/ you can be conservative by minimising your risk in every trade.