Another Hammer on GBPUSD; Time to Re-Calibrate Orders

4 thg 6, 2014

GBPUSD has another hammer forming off support today, and so I've re-calibrated my unfilled order accordingly. Whereas I had initially planned to go long at 6703, I moved the entry order up 30 pips to 6733, and moved my stop up to 6673. My target profit remains at 6985. I'm risking 60 pips to gain 252, which gives me a reward/risk of 4.2.

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