HayatoDragonFX

GBPAUD, 4hr tf, buy above the kumo cloud

Long
FX:GBPAUD   British Pound / Australian Dollar
Hello everyone,

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
Good luck

Comments

very possible to see a nice shift higher, we do have support on daily, but we do have also resistance, so kind of ranging at the moment on daily
Reply
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