Get started
smak1200

Up-trend channel support bounce

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
smak1200 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis
2
0
trendanalysis
Strategy:Up-trend channel support bounce

RRR:1.5 to 2.8 :1

Trade time expectancy:TBD

Entry, SL, and TP justifications:Entry at HH/HC on 1hr - SL at below structure lows - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite

Notes:100k units - .5% Risk total (2 lots) - TP 50k units at target 1 and 50k units at target 2 (close entry orders if hits SL)

Trade closed: stop reached
Comment:
POST-MORTEM:
Stop hit narrowly. Rally halfway to T1. Reversal down to well below structure.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.