Wednesday, May 5, 2010

F05-002 - GBP/USD

Sell: GBP/USD
Price: 1.5233
S/L: 1.5391
Trailing Stop: 1.5270

2nd adjusted trailing stop: 1.4764

Gain: 469 pips


GBPUSD in daily chart is in the bearish sentiment as MACD lines are crossed about a week. Continuous downtrend is expected. Hence, look for the sell signal to go with the flow. Stop is placed at previous top.

Exit: Stopped out at 1.4764. Using previous pull back top in downtrend as trail stop, gain 469 pips


No comments:

Post a Comment