GBPAUD: 2618 trade setup 4 hr

FX:GBPAUD   British Pound / Australian Dollar
209 2 6
Hello Traders,

So here we got a completion of 2618 trade setup on 4 hr             . The overall trend of this pair is BULLISH but we are reaching a strong trend line (Blue) up ahead and our stop is above the double top and the trend line , thus giving the trade more room to breath. Both of the targets come at previous lower highs, making it a reasonable place to take profits off at. The RSI also touch the overbought level and seems to be returning back down, at least for now. See the chart for more details. Thank you for your time.

Trade smart and Good Luck!!
nice analys is there a gab down there and want to close this ? You say this pair is bullish what is your target ?
+1 Reply
moneymaking tufan.yaveroglu
Hi the market actually is going back to the upside without hitting my first target. But based on price action on 1 hr, I was able to lock in some profit that I made. So as of now I have closed all my position on this trade. Market now looks bullish again BUT if market goes back down again, so be it. I am done with this trade. Thank you for commenting :)
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