RaynLim

Balancing Bullish Trends and Counter-Trend Possibilities

Long
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD seems to be in a Bullish Trend, and you're focusing on potential buying opportunities. Here are three strategies you're considering:

  1. Type2 Bullish Fib-3 Bat (1-hourly chart): This setup aligns within the support level of the 4-hourly chart at 1.9053, providing an initial buying opportunity.

  2. Bullish Deep Gartley Pattern (4-hourly chart): Should the market decline further, your plan includes waiting for the completion of the Bullish Deep Gartley Pattern at 1.8948 on the 4-hourly chart, presenting another potential buying opportunity.

GBPAUD appears to offer multiple setups for potential long positions based on your analysis.

What are your thoughts on GBPAUD, and what trade plans or strategies are you considering for this pair?

Feel free to share your insights or plans below!

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