Disliked{quote} Hi Petar I went short GBPAUD (just missed ideal level!) but now 70 pips in profit - looks 18500 as key target That's a bold play on GBPUSD - I am not convinced yet on the bull run! Still has to break through 144.50 - Strong break through of this level during US session may change my mind! Good luck on your trade Regards JM {image} {image}Ignored
Your entry was ok according to your technique but yYou should exit now if you didn't exit already. I see that strength came in and buyers are in control for now so it's risky for any selling. It doesn't mean that price will go higher but it represent that strength came in so higher price is in the play. We may see the higher price (1.8810-1.8875). Any financial market is driven by supply and demand and imbalance between them. Scaling out positions is same critical as entry level. When strength coming in, professional sellers will exit without thinking.
Petar
"Buy on fear, sell on greed !!!