Trade Update–Gap Opening, Adjusted Stops

In my last update post I said…

“ Current momentum signals show a high probability of sideways to bearish movement in the beginning hours of the start of the coming trading week.   There is an hourly bias, albeit bearish, towards upward momentum in the GBPUSD chart. We hope it still continues downward.  “

Click here –> Link to last posts’  analysis charts

Thankfully, market opened to our expectations.  As you can see from the chart, the AUDUSD chart, there is a wide opening gap which is a very strong signal of high probability downward movement.  GBPUSD also has a gap but not very much.  current momentum still signaling sideways to bearish but no significant movement yet.

Adjusted Stops to secure more profit in the AUDUSD as I continue to ride this trade.

Happy trading everyone!