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.
do you think that 1.9150 (0.618 retracement of last leg up) could be a good entry?
Reply
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.
Reply
danndc flynnsforex
i have already bought, following EW rules :):):)
+1 Reply
can you explain the EW rules about gbdaud
Reply
danndc tufan.yaveroglu
look at this one

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