Saturday, August 29, 2009

GBPUSD update

Here is an update on the GBPUSD trade from Friday.
Entry was as 6590.
I deviated from the plan and took 2 lots out at 1.6850.
Moved stop to b/e on the 3rd lot.
Profit now 520 pips. Reason is that 3rd wave is close to its extension max and the target of 1.70 was above the 1.618 extension of wave 1.

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