GBP/AUD: Day-Swingtrade-Opportunity#WEEK 34 Nr. 9

OANDA:GBPAUD   British Pound / Australian Dollar
Hey tradomaniacs,

welcome to another free signal!

How to trade: 1. Wait for the breakout below the "horizontal support" and the "trendline".
2. Sell when you have seen a retest and rejection.'
3. Reduce or cut your risk at the Point of risk.reduction which is a possible reversal-point.

Risk-Management: Today we will see the FOMC-Meeting Minutes at 19:00 GMT .
This event could cause volatility for all Currency-pairs.

Either close positions until then or cut your risk.


Type: Day-Swingtrade

  • Sell here:1,78588
    Stop-Loss: 1,79205

    Target 1: 1,77679
    Target 2: 1,77226

    Point of risk-reduction: 1,78088

    Risk-Reward Target 1: 1,51
    Risk-Reward Target 2: 2,26


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Peace and good trades

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Comment: Still waiting for the price to breakout and reject @ Trendline.