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Tradesmanship
Aug 31, 2016 11:08 AM

(GBPAUD) - Daily - Speculation & Analysis 31-08-16 Long

British Pound/Australian DollarFXCM

Description

Hello Traders !

With GBP becoming slowly but sure bullish across the board, it seems the Brexit hype is fading too.
What we have here is a classical dynamic trend line that looks like it can break in a day or two.
We will Long this pair after we break the trend line and consolidated a bit.
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Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.
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Comment

Consolidation time

Trade active

Comment

Comment

and thats the end of pull back !

Trade closed manually

looks like we are having a deeper pull back, stopping this trade temporarily till a better opportunity rises.

Trade active

BUYING AGAIN, THIS SEEM TO BE THE PERFECT ENTRY, SL below the trend line.

Comment

we bought it literally at the lowest point. GG

Trade closed: stop reached

Trade active



I have activated this trade again, based on 2 different trendlines this time.

Trade active

Comments
Hanu727
Hi, What's your SL on the new active long trade?

Thanks
Hanu727
Hey bud, as you already know I've been following your trades closely.

What was your new long entry and SL?

Thanks
Tradesmanship
Hey man,
Keep your SL about 20-30 pips below yesterdays low, am expecting today's candle to be a bullish one and make new highs. If it fails to do so, am out of the trade too. Cheers !
Tradesmanship
SL = Red line
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