GBPAUD, 4hr tf, sell on retest of potential reversal zone
Hello everyone,
GBPAUD pairs gonna be my 3rd trading plan for next week.
This pair trading plan gonna be like GBPNZD.
Both of it aiming for a potential downward movement to fill the gap.
This gap have now been left open for 2 weeks.
It is not fully closed yet and i think we could see it sooner or later.
The best place to enter sell will be arond 1.7900-1.7920 because it has acted as resistane for 2 times.
I am waiting or price to test it once again and enter sell with a pending sell limit order.
Sell limit GBPAUD 1.7900
Stop loss 1.7960
Take profit 1.7570 (5.5R)
RR Ratio 1 : 5.5
Use only 1-2% risk
Good luck
GBPAUD pairs gonna be my 3rd trading plan for next week.
This pair trading plan gonna be like GBPNZD.
Both of it aiming for a potential downward movement to fill the gap.
This gap have now been left open for 2 weeks.
It is not fully closed yet and i think we could see it sooner or later.
The best place to enter sell will be arond 1.7900-1.7920 because it has acted as resistane for 2 times.
I am waiting or price to test it once again and enter sell with a pending sell limit order.
Sell limit GBPAUD 1.7900
Stop loss 1.7960
Take profit 1.7570 (5.5R)
RR Ratio 1 : 5.5
Use only 1-2% risk
Good luck
