Wednesday, March 28, 2007

GBPUSD 3-28-07

3-28-07

GBPUSD

There was a long trade entered in the GBPUSD yesterday on the pullback to 1.9626. I have taken a partial profit and I have a stop loss at 1.9636 on the rest of the position that is close to being hit at 2:00 AM. If it is hit and the long trade is closed, I will go long again at 1.9600 with a buy stop and a first target of 1.9650. I will trail the stop loss on this trade by 15 pips to protect more of the profit.

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