FX:GBPAUD   British Pound / Australian Dollar
  • Trade based on five MA
  • Price made a retracement on the way down (50 EMA ). In that retracement, a nwe high pivot point was made. A wave is created with that high and the prior low pivot point (we will use this as SL as seen later on)
  • TP just above last low pivot point
  • SL above value zone (seen with line chart)
Trade closed: target reached: TP HIT