Result Commentary GBPAUD - closed 10 September 2016
An excellent trade that produced more than a 4:1 reward ratio, despite lacking entry precision. The market managed to reach deep into the level (possibly due to the minor last-moment supply speed-bump that was created just above our level while price was returning to it), but then reversed sharply and kept running in our favor until the end of the week. Cutting the upper wicks tightened our entry and improved our reward ratio and final profit, but the minor supply speed-bump was a reason to take some small early partial profit out of the market in case it proved to be stronger than expected. Overall the trade exceeded our expectations by producing such a large move in just around 1.5 days.
Signal Details:
Pair: GBPAUD
Published to subscribers: 2016-09-03, 16:06 UTC
Supply / Demand: Demand
Natural timeframe: 4H
Likely market reaction (Bounce / Normal): Bounce / Normal, continuation
Upper level boundary with wicks: 1.7322 (preferred), or 1.7343 (includes 1H wicks)
Lower level boundary with wicks: 1.7260
Level visible on chart near (UTC): 2016-08-29 8PM UTC
Original Signal Screenshot: GBPAUD 4H
Result:
Pips made available (from theoretical best entry): 349
Realistic likely result (gain range in pips): 180 to 260
Overall trade performance: Excellent
Result screenshot: GBPAUD 4H
An excellent trade that produced more than a 4:1 reward ratio, despite lacking entry precision. The market managed to reach deep into the level (possibly due to the minor last-moment supply speed-bump that was created just above our level while price was returning to it), but then reversed sharply and kept running in our favor until the end of the week. Cutting the upper wicks tightened our entry and improved our reward ratio and final profit, but the minor supply speed-bump was a reason to take some small early partial profit out of the market in case it proved to be stronger than expected. Overall the trade exceeded our expectations by producing such a large move in just around 1.5 days.
Signal Details:
Pair: GBPAUD
Published to subscribers: 2016-09-03, 16:06 UTC
Supply / Demand: Demand
Natural timeframe: 4H
Likely market reaction (Bounce / Normal): Bounce / Normal, continuation
Upper level boundary with wicks: 1.7322 (preferred), or 1.7343 (includes 1H wicks)
Lower level boundary with wicks: 1.7260
Level visible on chart near (UTC): 2016-08-29 8PM UTC
Original Signal Screenshot: GBPAUD 4H
Result:
Pips made available (from theoretical best entry): 349
Realistic likely result (gain range in pips): 180 to 260
Overall trade performance: Excellent
Result screenshot: GBPAUD 4H
EnhancerSignals
(Share) Supply and Demand trading report by EnhancerSignals
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