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HumphreyNR
May 1, 2016 12:08 AM

ABCD Sell Set up? Short

British Pound/U.S. DollarFXCM

Description

1. ABCD is completed
2. Price is at previous resistance zone
3. Price has been rejected twice at the resistance zone (see 30 mins chart)
4. Divergence on RSI

Trade with care. All the best.

Comment

+250 pips.
Half of position closed. Other half has been moved to 40pips trailing stop.

Comment

Remaining trailing position was closed @ 1.4375. (+270pips).
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