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GBPUSD Imperfect Mosque & Minaret Short Trade

1: 4.5 - R:R

1: 4.5 - R:R

GBPUSD Imperfect Mosque & Minaret Short Trade, I didnt call this one, although I watched, as it was imperfect and on a short Timeframe (5 Mins).

But it worked out well in the end – Sell was at 1.5563 Loss stop 1.5573 (10 Pips) – Reward 1.5528 for cheeky 45 pips.. 1 : 4.5   R:R?

So much for price action is Random (Randow Walk Theorists?) price patterns do occur even on really tight time frames..

Impossible to blog for others to participate, on 1 & 5 Min Charts but great learning experience trade.

See chart below.

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This entry was posted on Monday, August 30th, 2010 at 14:07 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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