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Not a Solid Floor

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2:42 ET – L(5) GBP/USD @ 9555, Stop @ 9537, Target 4 @ 9591, TS @ 30 pips
Looking for a bounce off a 4 hour support point.

2:53 ET – Stopped out at 9537

Trade Totals: -18 pips X 5 = -90 pips = -$9.00 ($900 in a full account)

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4 hour chart

Trade Followup: Not a great trade. The bias was downward and I took the myopic view of trying to play the bounce.




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1 comment to Not a Solid Floor

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