Anticipating a correction to the upside - GBPAUD

12 jul 2016

We have an IHS, indeed it is a bit ugly, but we broke out of a nice res. area which I am now currently bid at for a re-test. Gunning for a daily level but will trail stops if it goes my way

13 jul 2016

Operación activa

Order filled

13 jul 2016

Operación cerrada manualmente

Closed out for a small loss of -0.3R. Had a look on the daily and it just does not look like it wants to go now. Also had a look at Cable which looks like it will have more downside so decided to take an early loss instead of being stubborn and sticking to my stop and taking a full 1R loser.