Thursday, 31 January 2013

28/01/2013 GBP/CAD long (loss)


A long trade of the H4 chart. Here is my entry chart explaining stop, entry and target, as well as reasons for entry. Risk was 0.5%, aiming for 2:1 RR. Click chart to enlarge. 







And here is the exit chart, showing price going down, hitting my stop and giving me a loss. 




The trade didn't work out but I was justified in taking the trade and would do so again. 

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