Trade
Entry:
Date: 15/8/2013 13:59 GMT+7 (Bangkok)
Chart: M30
Type: SELL
Size: 0.02
Symbol: USDCAD
Price: 1.03124
Risk: 5%
Reason for trade/Setup:
The price reach the last low and have possibility to make a new low. According to the SMA 200 is declined shows the overbought, also MACD points down.
Initial stop: 1.03224 (just above last high)
Initial target: 1.02924 (award ratio 1:2)
Result
Exit:
Date: 15/8/2013 17:35 GMT+7 (Bangkok)
Price: 1.03224
Profit/Loss: -10.0 pips (-1.94 USD)
Outcome:
The price going down like the prediction, but at 17:00 GMT+7 it spiked up, no fundamental news announced, then hit the Stop Lost at 17:35 GMT+7 and break the trend line and rally up.
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