I have been waiting for this opportunity. If you check AUD/USD chart, price about to hit the trend line resistance level (50 pips away) and also gartley pattern just completed, We might see a bearish reversal there. So this is the perfect time to go long GBP/AUD. Have a great weekend!
Trade active
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Time to break-even!
Comments
imtiaz.ahmad
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sir it is coming from last week down side and every day down so according to ur chart now this week strat up side r some pips come more down
saravana_rm
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I agree with you, idea behind this trade - Price made 2 Lower highs and 2 Lower Lows ( Down trend) but price moving towards channel bottom and previous support/resistance levels and also 161.8 Ext. So next week we might see small retracement or reversal with in a larger downtrend (If I am wrong) where you can break even this trade @ 2.1150 (23.6), This chart for you imtiaz.
HarunHar
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gbpaud 2.12 ? 2.03 ?
saravana_rm
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Sorry I didn't get you Harun..
imtiaz.ahmad
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lot of thanks for replying and give me another chart, first of all sorry for disturbing, sir now it will at least touch 2.2000 and then reversal down side and then upside if i m wrong plz correct me.