GBPAUD Bull Flag, Rising Channel Long

GBP/AUDOANDA

Description

⋅ Mar 20, 2019 11:06 AM

Here we have a great R/R trade on GBPAUD. A well formed rising channel, stagnant RSI, and a Bull Flag

The impulse leg of the bull flag shows confluence with 1.272 and 1.414 fib extension levels

Trade closed: stop reached

⋅ Mar 21, 2019 9:25 AM

Comments

VasilyTrader

⋅ Mar 20, 2019 4:39 PM

I hate this false breakout on flags) but yes, looks valid and you trade is still active

AidanMDang

⋅ Mar 21, 2019 9:25 AM

@VasilyPonomarev, Are fibs necessary for this trade? unlike the others?

VasilyTrader

⋅ Mar 21, 2019 1:03 PM

@AidanMDang, I think fins make a lot of sense here because the market has found a lot of rejection around 0.5 fib zone
It is very interesting

AidanMDang

⋅ Mar 21, 2019 1:15 PM

@VasilyPonomarev, youre a great man

denville

⋅ Mar 20, 2019 11:16 AM

looks great..i'm in on this

AidanMDang

⋅ Mar 20, 2019 11:18 AM

@denville, Thanks man! goodluck!