Thursday, May 20, 2010

Small win on a Wed

Wednesday, shorted GBP/USD at GMT10:05 at 1.4264 with profit target of 50 pips, however only closed the trade with 15 pips gain after seeing it failed to maintain its momentum in smaller time frame (M15). The pair was struggling for more than 30 minutes and signals were not convincing enough for me to persist with the trade. It was not a good entry anyway. Glad to exit before it reverse. Thank you.

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