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Gdubbs
Oct 21, 2018 6:17 PM

GBPAUD - Pullback Long Long

British Pound/Australian DollarFXCM

Description


Pending order placed on this pair tonight.

Nice looking pullback setup offering decent r:r.

I got the bullish setup candle I needed on Friday. I'll look to enter on a break of the high of that candle and then run the trade up to the previous highs which lines up with a monthly pivot point.

Momentum looks good on the weekly with price above the 50ema. There is also a good previous resistance level that has acted as support before on the weekly.

Trade closed: stop reached

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