(J) Trade 5 : Multple Pin Bars #forex

Trade Summary :
Short 2x0.7 lots: at 2.0160. Sopped out at 2.0212
-281.88-281.88= - $563.76
Balance: 30,362.7 - 563.76 = $29,798.94
=====================================================================
Update 2: Stopped Out
Update 1: Pending short limit was triggered. Trade is active.
=====================================================================

Trade 5: Pending Short GBPAUD @ 2.0160
S.L @ 2.0212
T1 2.0052
T2 1.9985

For 30,362.7 Balance, and 2% risk per trade=$608, Position size = 1.4 lot ( 0.7+0.7)

=====================================================================

Reasoning

Based mainly on candlesticks and Momentum divergence

• The price is testing the high of the daily long-legged doji candle, which acts as a resistance level
  
• The price has formed a major gravestone doji candle on the four-hour chart
  
• A clear bearish divergence is seen on RSI over the four-hour time frame
  

Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.

For Trades rules and guidelines follow this link

My best regards
Technician
Subscribe to my trading portal thefxchannel.com