GBPUSD FIB for down move

Entry order placed for the SHORT @ the 61.8% FIB.

Risk Reward ratio of 1:4

İşlem aktif:

Entry order reached and trade active.

Yorum:

Moving Stop to 1.2485

Yorum:

Because high impact news is coming out in about an hours time, I will move my stop to 1 pip below my entry level. 1.2469 just as a precaution if price gets spiked upwards, I don't think this is the case, as I still believe price should go down and break the low of the Y-wave, but rather no profit, than a loss.

İşlem elle kapatılmış:

Trade closed with 40 pips profit.