Friday 7 May 2010

GBPUSD - Wave 4 > 5 - Possibility

Seen another possibility of a completed wave 4 heading towards a wave 5 target. However it may be a risky move (or a risky time to enter late on a Friday during the election frenzy).

50p Stop with a 200p target 4:1 Risk Reward

Entered @14.27 Friday Afternoon.
Update @14.47 Stopped out 1% Loss.

Looking for another entry short.

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