Andrew's Pitchfork - AUDUSD Long Opened

12 May 2016

Price dropped a bit lower before the candle closed but the trade is still valid once the pitchforks were adjusted.

Profit targets are the at each fork on the pitchforks and SL is trailed each time a target is reached.

12 May 2016

İşlem aktif

Entry: 0.73348
Profit Target 1: 0.7350
SL: 0.73193
RR: ~1:1

12 May 2016

Not

Price appears to be respecting the red pitchfork. Moving SL to a few pips below the last low to limit loss overnight.

12 May 2016

Not

Price tested the initial low and there is a lot of downward pressure. The low must hold for the trade to stay valid.

12 May 2016

İşlem kapandı: durdurma seviyesi

Price moved lower overnight and reached the new SL and potentially the original SL. A reentry could have been made based on the new candles had I been awake.