Monday 23 July 2012

Charts


GBPUSD

I took a small position on this on Friday. I generally dont like opening new trades on Fridays so this trade was at a reduced position size looking to add today (Monday).
There was a bit of confluence on this trade as price was aligning with old highs and I had the confirmation when my lower trend line was broken.
Since the open price has just fallen so I have scaled out to cover the stop but still have the view to add if I can get a clean technical entry.

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