GBPAUD: Impulse down begins!

FX:GBPAUD   British Pound / Australian Dollar
653 10 26
The pair has broken down decisively out of the current up trend in an impulsive manner and it is now expected to go down swiftly giving us a great opportunity to go short!
Good day Piphunter, hope you are well. I like how you trade breakouts. I am new in the world of forex trading, can you please explain how one places a trade for breakouts i.e after it close above or below the trend line do you buy/sell?
piphunters SifisoMthembu
it will fully depend on your risk appetite, either you can enter in advance with a proper exit strategy, look for confirmation in lower time frames and so on. Also the lines we draw are just for visual guidance only, what you should be looking at is the price action and patterns.
agree bro good luck for this big move.
piphunters Wave-Trader
you too! orders already in place
Please take a look on GBPCAD too!
piphunters AryanForex
What about GBP/NZD and GBP/JPY? Are your predicting breakouts as well?
yes, already posted them check in my profile
Good job
piphunters AryanForex
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