GBPAUD 1H (2618 trade setup) AT X@2.02977 WITH STOPS AND TARGETS

FX:GBPAUD   British Pound / Australian Dollar
The market has found support (again) at 2.026xx illustrated by the DOUBLE BOTTOM . Using the 2618 trade setup I will buy the 61.8 fib retracement of the double bottom if the price gets to this level.
1. Stops will be placed at the 1.13 fib drawn from point C to B. This places stops below the support zone .
2. Target 1 is slightly below the candle high at point C.
3. Target 2 is slightly below the minor resistance zone at point A.
4. Target 2 stop is moved to breakeven when target 1 is reached. Target 2 stop is trailed using the DNC indicator once moved to breakeven.

Lets see if support holds again.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out