I hope you all enjoy your weekend.
Today is a new week and i hope we gonna get a great trading week.
My first trading plan and setup for this week is GBPAUD pairs. I saw a potential for this pair to move higher once again as all the confirmation needed for this pair to go up is fulfilled.
1st confirmation is price above the kumo cloud
2nd confirmation is kumo cloud color are green
3rd confirmation is parabolicSAR below the price indicating buy pressure
Buy GBPAUD 1.8020
Stop loss 1.7940
Take profit 1 @1.8100
Take profit 2 @1.8180
Take profit 3 @1.8260
RR Ratio is 1 : 3
Use only 1-2% risk