PHL

GBPAUD trade review: mental battle during short bat pattern

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FX:GBPAUD   Brittiska pund/Australiensiska dollar
After having several trades saying "hi" to my TP and then turing around to hit SL, this trade reminded me to not taking profits early and rewarded me for not doing so. Market tried three (!!) times to hit TP but also faced trouble at the highs of the range so I first moved SL to X after the second try and after the third try I thought this would explode to the upside IF it went up again so I put SL to breakeven while keeping faith in the setup in the back of my head. Finally price broke previous lows to hit TP and making it a winning trade. Ka-ching!
P.S. Sorry for not posting this set-up in advance.
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