How I’m managing my GBPAUD trade

Written by Raul Lopez on July 2, 2012. Posted in Trades & Analysis

Last week I opened a trade in the GBPAUD and I’m still holding it.

I thought last Friday, if the GBPAUD breaks the bottom of the range I’ll move my stop loss to the middle of the range and will hold it over the weekend:

This is how the chart looks like:

If I have a chance, I’ll increase the size of this trade (if I get a signal of course).

We’ll see what happens!

Would you close this trade and take profits now?

Let me know.

Good week ahead!

Raul Lopez
Forex training

Tags: forex, GBPAUD Analysis

Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.