GBPAUD Possible Intraday Trade

FX_IDC:GBPAUD   British Pound / Australian Dollar
105 5 7
GBPAUD             has a "V Bottom" formation.

If it breaks the horizontal trendline and then pullback, it will be a high probability trade for some fast intraday pips.

Do not force a breakout, wait for it, and check for pullback in smaller timeframes.

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Comment: Stop Loss.

However within next days/weeks i will watch for GBPAUD correction.
you analyze the structure as an endig diagonal, right?
+1 Reply
NTrading farid_ardavani

Yes i expect an up movement since it was an ending diagonal
+1 Reply
check this... my sl. still valid and gbpaud just went above and rocketed...

NTrading newbie2016
I doubt it will go so high, my target is somewhere around 1.9350, but once it touch 1.9225 i will move my SL in BE
newbie2016 NTrading
I am not targeting 1.96... but above 2.0 :) i see reversal in gbpaud...
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