EdyDragon

GBPAUD Bullish [LONG]

Long
EdyDragon Updated   
FX:GBPAUD   British Pound / Australian Dollar
We have Shoulder Head Shoulder (SHS) at GBPAUD Pattern. May be this downtrend make retest at 1.7630-50.
So our action is make Buy with some Scenario,

Scenario 1, make BUY Now (1.7730) Sl 1.7600 and TP at 1.8250-1.8300.
Scenario 2, make BUY at 1.7650 with SL 1.7600 and TP at 1.8250-1.8300.

Lets See
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Smart Trading
Money Management

Disclaimer ON
Trade active:
Open Now 1.7650 with SL 1.7600.
Comment:
We can SL at zero loss and lets see how high GBPAUD can climb/grow...now u get 100 pips profit...
Comment:
Now near the resistance trend channel, my action is "If GBPAUD turn back and never wont break the BEARISH TREND CHANNEL, so we close our GBPAUD trading at 1.7725.
BUT GBPAUD can Break "BEARISH TREND CHANNEL" which is the key 1.78, break that key. we can see new trend channel go to UPSIDE.

So Lets See
Comment:
Now we update SL or Trailing Stop 30 point, or create SL at 1.7785-1.7800. (Now position at 1.7850, we get 200 pips)...enjoy

Dont forget to upgrade ur SL position and Lets Take profit come to us at 1.8250-1.8300
Trade closed manually:
Close manually at 1.7855, and we get profit 205 pips...
Comment:

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