TomProTrader

GBPAUD: A few Scenarios, Easily Profit From Any Outcome #Forex

FX:GBPAUD   British Pound / Australian Dollar
380 2 9
Traders

It's worth noting I'm a bear to be honest, I am just waiting for a safe time to get some lots to the downside..
Saying this, if we hit 2.1540's and we see a nice reversal top upside candle (Especially a doji or pinbar ) I'm happy to long into to the other level where shorts are likely to take place. Why would I do this? Because we'd be part of a smaller wave 3 pattern with a higher low and the trade has a nice chance of working out if you're nimble.

In a minor gridlock scenario, a few walks from here are possible, it's easy to profit from any outcome using common sense wish a dash of intuition. I'd rather it just plummeted from current price to be honest, but this may not happen...

Best of luck,
Tom
Comment: We gapped higher into Sunday late session guys, and we barely saw price move above the open and it engulfed the previous trading sessions Doji. This is extremely bearish

This gives us an extremely high probability trade, HOWEVER people might pick up longs at 2.1360's (Approx) if not, we break down to the lows!
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Great, same view, as it has come to be the norm.
Have a great week Tom ;)
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Thanks for the advice! Did a chart earlier today on this.
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