hope.bleecker

Pound Australian- Looking for the Countertrendline Break Long

FX:GBPAUD   British Pound/Australian Dollar
320 6 5
We have hit the D on the daily chart at 1.9811 and are looking to trade the retracement on the 4 hour chart from the 1.127 fib back up to the downtrendline. I am looking for bullish patterns and with the break of the countertrendline I will be long back to the outer downtrendline on the four hour.
Order cancelled: Not on this yet. With all the strength on australia... looking for long scalps on aussie canada.
Trade active
Trade active: Small lot only... Not on full size yet.. But this has triggered in that it has pullled back to the downside of the countertrendline. Thanks!
Trade active: For the full size lots, I am buying the test of the morningstar at 1.9353. The stop wiil be at 1.9251... I only want to buy this with the bullish formation at that price level because it could provide a lower entry just above the stop at 1.9281 area. When the trade breaks the resistance at 1.95, we can continue buying up to 1.9764, which is the backside of the two hour down trend line.
Trade active: Profit taking.. one off for 140 pips and break even this morning. happy with this...
This is breaking lower... not on this one yet.. check aussie canada for longs. This is really weak!
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Running this from 1.94
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Watching this for test of morning star. May enter long this morning.
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1.92887 presenting a great opportunity for the long... I am on this one... Going in - anticipation of a square up on it.. Probably will not hold over the weekend.
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Hey everyone... I see the trigger on pound australian. Typing this on Friday Feb 26 at 10:17 am.. Since I do not trade on Friday, I am going to wait and have a look on Sunday night. For those of you who are in good luck. Will join this next week. Thanks!
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For the full size lots, I am buying the test of the morningstar at 1.9353, stop wiil be at 1.9251... I only want to buy this with the bullish formation at that price level because it could provide a lower entry just above the stop at 19281 area. When the trade breaks the resistance at 1.95, we can continue buying up to 1.9764, which is the backside of the two hour down trend line.
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