GBPAUD

19 mag 2020

NOTES
NZD is the control pair and strongest but I thinks its over extended.
I'm awaiting a final push up for entry
I'm not even going to watch this one - alarm for entry, SL, TP

FOR
Negative GBP news
AUD strong
space in the 1h envelope
space on the 1h stoch


AGAINST
Late to be getting in
4h stoch up

STOPLOSS
Behind 1 hour ema
15m seller
Above recent highs and channel

ENTRY TYPE
Sell limit

RR
4:!

Barriers to TP
S+R from daily going up

Fundamentals

00:45 NZD PPI Input (QoQ) (Q1) -0.3% 0.1%
03:30 AUD RBA Meeting Minutes
06:30 JPY Industrial Production (MoM) (Mar) -3.7% -3.7% -0.3%
08:00 GBP Average Earnings Index +Bonus (Mar) 2.4% 2.6% 2.8%
08:00 GBP Claimant Count Change (Apr) 856.5K 676.5K 12.1K
08:00 GBP Employment Change 3M/3M (MoM) (Mar) 211K 50K 172K
08:00 GBP Labour Productivity -1.1% 0.3%




08:00 GBP Unemployment Rate (Mar) 3.9% 4.4% 4.0%

19 mag 2020

Nota

19 mag 2020

Nota

I'm not worried yet - I'm getting tails, weak green candles and low volume which is encouraging. I f**ked up the USDJPY trade by messing with it so I'm leaving this alone...

19 mag 2020

Nota

Its dropping with volume. I want to close some of the trade but I'll hold it open. Its hit the 1h envelope so can it go further?

19 mag 2020

Nota

Taken 10% profit and sl to breakeven

19 mag 2020

Nota

So far i think i matched the right pair

19 mag 2020

Nota

wrong chart above

19 mag 2020

Nota

Price is retracing with shrinking volume. So still down biased...

If I took profit at the 1h envelope it would have been a 2.5:1. Instinct told me to close half but I only closed 10%. After such a strong push price generally retraces. I seem to be making good calls but my trade management is appalling.

19 mag 2020

Trade chiuso: stop raggiunto

Stop hit. Total profit 0.5%