$GBP/AUD long swing trade set-up

30 Jan 2019

Heres my long trade setup today based on higher timeframes riding above the EMAs and retrace on the 4H to the .618 fib level. Not financial advice.

31 Jan 2019

Catatan

This has stalled just short of my stop loss. It will be interesting to see how it unfolds today. I wont shift my stop losses and if they get hit, its part of the cost of doing this business. I will however take profits early if the chart tells me price is struggling to reach T1, but didn't get a change to do this here so far. I always take 60% and let the rest go and will trail it if favorable. Its a waiting game now with this one.