Jan15 – GBPAUD S3S

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Entered this trade shortly after the 3pm candle.  Risk factors on this trade – the stop is only half-way up the big bearish candle – around 40 pips away.  Additionally the entry-signal candle has already done a large move – which, in a way, is the move I am wanting to catch on a S3 trade.  Thus, a rather aggressive trade.  I’d say that I am being swayed to hop on the big push down.  A 3rd risk factor is that there was no obvious target at the time of entry.

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