FX:GBPAUD   British Pound / Australian Dollar
11298 21 248
Hi Traders, the GBPAUD             is breaking out of the corrective down trend, I am waiting for the lower degree correction to finish and for it to breakout for the next up impulse.

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Thank you for your support.
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Thanks Anil, been keeping a close eye on this one. Thanks for sharing your wisdom and I have learned alot from you and I appreciate your generosity to share and help us less knowledgeable and novice traders. Looking forward to your next webinar and hopefully one day I will be able to take your course.
NidalDarawsheh NidalDarawsheh
I am not advocating short here, based on the chart both possibilities are valid, just following the safest by selling high and buying lows
judderod NidalDarawsheh
That's helpful, thanks. I didn't take this sell because I had a position that was still in loss from Anil's last sell setup on this pair. The move overnight hit my stop.
+2 Reply
judderod judderod
This could be ready for a buy on a break of 1.6110, (but I'm staying away from GBP crosses for now - too sideways for me).
NidalDarawsheh NidalDarawsheh
possibly B ended at 0.618 (blue) i took my short pips there and took a long position now at BE
judderod NidalDarawsheh
Looks like a buy at 6110 would have been a good idea!
but selling 1.6093 then buying 1.592 made me 3 times the pips, add to that the speed, did you see "breakout wait for constellation" thing, i bet you majority missed the entry or got stopped twice, i stick to my opinion buying the low by identifying B at 1,592 was the right thing to do
+1 Reply
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