GBPAUD - Double Top & Divergence Hunting 1.69 handle
Setup:
It was noted that GBPAUD could be dropping to 1.69860
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
3. Double Top
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.72791
Trade 2:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.69860
*When we hit 1.75722, Our SL will be moved to Break Even.
Risk & Reward:
Total Risk:
2% or 390 PIPS
Total Reward:
7.5 % or 1441 PIPS
Good Luck :-)
It was noted that GBPAUD could be dropping to 1.69860
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
3. Double Top
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.72791
Trade 2:
Entry: 1.78547
SL: 1.80465
SL > BE: 1.75722
TP: 1.69860
*When we hit 1.75722, Our SL will be moved to Break Even.
Risk & Reward:
Total Risk:
2% or 390 PIPS
Total Reward:
7.5 % or 1441 PIPS
Good Luck :-)