Friday, September 19, 2014

11:00am

Hi. Initial poll results of the Scotland Referendum shows 'NO' votes leading. This has been good news as far as my Long position is concerned. GBP is slowly rising up and at the time of writing this post I am about 200 pips in the green. But hey, this is Forex trading which means anything can still happen. The Polls are not even closed yet. So, lets hope the NO's outweighs the Yes's....

As for my Long trade opened on 17Sep ;

TP now moved to 1.69231 (646 pips from entry)
SL now moved to 1.62781 (1 pip above entry)

TP is based on 23.6% of weekly fib level which also coincides with a long term Resistance level from August 2009.

Well.....have patience and see what will happen by the end of this week's market close.

All the best
Juf

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