02/16/2009 GBPUSD Trade

Long 2 (100) GBPUSD @ 4247 and 4237
Stop @ 4125 (-122 and -112 pips)
Target 1 @ 4430 (+183)

TriScreen trade setup there was a big gap on the open, so I was hoping that the gap gets filled.  There is also a twin tower formation at the second point which makes it even more promising.

Click above for larger image

Click above for larger image

This was a good trade.  The stop may have been a little tight but it was a good setup and I took it. Lost -234 pips on this trade.




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