(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
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Update 2: Stopped Out
Update 1: Pending short limit was triggered. Trade is active.
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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)

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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
  

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