An update on the Sterling trade.
Updated
Hello Fellows!
Hope you're all doing great!
As per my previous trade idea, Sterling triggered the short order exactly at point D completion of the 'Bat' pattern, i.e. at the 88.6 % XA retracement and tumbled down in the wee hours.
Now that the price has moved past considerably (around 65 pips to the downside) an exit might be appropriate. However, I still believe that it will be best to secure the trade by moving SL to breakeven and wait for Newyork open and see where it leads.
Either way, congratulations to all those who entered using the setup!
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Hope you're all doing great!
As per my previous trade idea, Sterling triggered the short order exactly at point D completion of the 'Bat' pattern, i.e. at the 88.6 % XA retracement and tumbled down in the wee hours.
Now that the price has moved past considerably (around 65 pips to the downside) an exit might be appropriate. However, I still believe that it will be best to secure the trade by moving SL to breakeven and wait for Newyork open and see where it leads.
Either way, congratulations to all those who entered using the setup!
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Note
Target reached at 127.2 XA extension.Congratulations to everyone who got it!
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