DavidCallwood
Short

#OnMyRadar: GBPAUD | Wedge Breakout Trade

FX:GBPAUD   British Pound/Australian Dollar
207 1 7
PLAN A: Sell the rejection or price action             slowdown into the upper trend line resistance / upper wedge (2.1480), then add to my position if price action             breaks the lower wedge , finds support and potentially retest the bottom of the lower trend line ( 2.1320/40).

PLAN B: If price action             impulsively break through the upper wedge into resistance ( double top / supply zone ) near 2.1570 area, I will but the pullback as price action             finds support above the upper wedge trend line / swing high 2.1420/60

Stop loss for both trade will be 35-40 pips from the highest or the lowest recent swing point created at the time of entry.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out