FOREXCOM:GBPAUD   British Pound / Australian Dollar
Fundamentals for today are inline for a long position on this pair. State of the market on the 1H is an uptrend. Price broke the highest point of yesterdays New York Session, which indicates there's still room for a higher price. On the 15M charts the price made an 61,8% pullback (Fibonacci), which I believe is enough for the buyers to continue.
Trade active: Stop-loss hit. Placed stops below first test of the v-formation, this was too sharp. Entered again at 1.81651, with stop loss below the v-formation at 1.81451.
Trade closed: stop reached: Stop-loss hit again. Will let this one go for today.

Comments

During the test phase the sellers we're too strong. We need the sellers to slow down, this was not the case in this set-up.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out