Tuesday 16 July 2013

BUY STOP GBPUSD 16/7/2013


BUY STOP SIGNAL:-

-Inverted hammer (H4 candle) formed at bottom trendline (in red circle).
-Daily trend: Up trend

BUY STOP SETTING:-

Buy stop is set 10 pips above close of inverted hammer, stop loss 5 pips below major SNR line. While exit is set on the next major SNR.

RESULT:-
Take profit was triggered...profit 180 pips

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