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omarfuentes
Oct 26, 2016 9:42 PM

GBPAUD: Watchlist Long

British Pound/Australian DollarFXCM

Description

After the breakout of the D/H4 resistance zona, the rally may continue. Two options:

(1) I'll wait for a retracement back to the support zone (1.5994-1.5895) and look for reasons to buy.
(2) I'll wait for the breakout of the trendline & resistance zone (1.6101-1.6071); if it happens, I'll wait for the pullback to this zone and look for reasons to buy.

Trade active

The price has retraced to my zone.

Trade closed: target reached

My next resistance zone has been reached.
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