Wednesday, March 30, 2011

20110330 - GBPUSD Bearish Butterfly



Trading Buddy,

Here you go:



Bearish butterfly formed on 30m chart, rather ideally. PRZ 1.6052, 1.6058, 1.6068. When see the chart, PRZ already tested, and price had retraced to slightly below 1.6052. PRZ also coincide with day shadow (74pips). Placed entry at 1.6060, got matched. TP 1.6016 (61.8% retracement of CD). SL 1.6085, which is slightly above day high.

Moved SL to 1.6059 after having 30pips floating profit. Hit target and closed position.

Not big, but hope can find consistency :)
~~

1 comment:

  1. Nice trade, buddy. Fast taking profit, worth it. More than 1:2 risk reward profit, consider very good already, not small profit anymore.

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