First demo trade this month. And a win!
GBPAUD. "Continue reading" for more.
Played the bearish pin bar at the the 61.8 Fibonacci retracement level.
The pin wasn’t the textbook “hanging-out-in-space-on-a-swing-high-or-low” variety, but it was a trend continuation signal in my eyes having both touched the bearish trend line and rejected the 1.62 round number. (See thumbnail at right.)
Importantly it was WITH the trend!
(A few losing trades logged here were not, including the most recent debacle on thise very same currency pair. Go figure.)
Continue reading “Trend Continuation Pin Bar on GBPAUD Reaps Pips”
