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vitowodenik

GBPAUD buyers are slowly entering the market

British Pound / Australian Dollar (OANDA:GBPAUD)  
vitowodenik Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis
4
0
trendanalysis
Price bounced from a significant daily level on 29th of September and is now on it's way higher. I'm looking at a range above that level as a gathering of buyers, waiting to burst out of almost a month long consolidation. I'm entering a buy at a support of the range, after market failed to make LL and H8 TF made a bullish engulfing. We might see price push back lower to the significant daily support again, which is why I limited my risk at the break of local support.
Comment:
Added a 1st scale in on this trade after a BNR on the H1 TF of previous highs @1.91505.
Comment:
Lowered my SL 10 pips below 1.90 psychological area.
Comment:
Removed SL here and will let the trade run. Will manage the trade after I see what it wants to do.
Trade closed manually:
Took a loss... daily is in a bearish structure and I can't be bothered to hold on to a bad trade. Will look for other opportunities.
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