Nov1 – Short GBPCHF trade (S3)



Checked at close of 11am candle – following GBP news (9.30am) and CHF news (9.30am).   This trade met all of the parameters for the S3 setup type.

I opened this trade on the FXCM because the spread was 1 pip tighter than ActiveTrades (AT).  However, if I hold the trade into the weekend then I will need to switch the position to AT, because of the experience I had in getting stopped out on the short AUDNZD trade last Sunday.  I will be looking for the position to shift into my favour, at least 1/3rd to halfway towards my target by the end of the day.  

I am risking 0.5R on this trade, because I am still very new to the setup.  

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