GBPAUD A1 Short B Grade

15 thg 10, 2021

This is my short trade on GBPAUD from yesterday afternoon. I'd been watching this pair for a while as it had a perfect L50, and the EMAs were very much short biased. I had taken a trade on this pair earlier on in the day that resulted in a 1.9% loss. Luckily for me I stuck with my short bias, and I turned out to be right. On this trade, I closed half my positon at 1.5R and locked my SL. I do this because from backtesting I've found the best points to take profit. My final target was 2R, which was hit not long after closing half. This brought my day into profit by 1.12%, this is the importance of risk management, as it can make or break your account. Very happy with the trading day overall.