flynnsforex
Long

GBPAUD 815 pip Long Play

FX:GBPAUD   British Pound/Australian Dollar
366 8 5
This pair has been in an ascending channel for some time now. Recently we had a bounce off the 61.8 retracement with a sold follow through. Price then got rejected from the CTL drawn. This is the 4th bounce off of this line, as outlined. I am looking for a break of this trend line and further continuation to the highs at 2.00 and then the fib extension at 2.04s.
danndc
2 years ago
do you think that 1.9150 (0.618 retracement of last leg up) could be a good entry?
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flynnsforex danndc
2 years ago
Price certainly had a violent reaction to that level recently. However, I would wait for further confirmation instead of placing a buy at that level.
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danndc flynnsforex
2 years ago
i have already bought, following EW rules :):):)
+1 Reply
tufan.yaveroglu danndc
2 years ago
can you explain the EW rules about gbdaud
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danndc tufan.yaveroglu
2 years ago
look at this one

snapshot
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tufan.yaveroglu danndc
2 years ago
I hope this works I had receptions of 93xx, 94xx and 92xx
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danndc tufan.yaveroglu
2 years ago
what do you mean with receptions?
Reply
tufan.yaveroglu danndc
2 years ago
sorry thats mean bought 4 times from different points
Reply
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