BoonHooi

Going long before the short on the GBPAUD

Long
BoonHooi Updated   
FX:GBPAUD   British Pound / Australian Dollar
Spotted patterns on GBPAUD
Orange Pattern : Bullish shark completed and it bounced up. Price came down for a Type 2 entry to buy.
Green Pattern : Bearish Bat completing at around 1.7135

I am looking for opportunities to long with a small stop loss to ride up to the completion of the bearish Bat at 1.7135 (250pips move)
Will be watching out for any continuation chart patterns (in the loser TF) for an entry
Trade active:
Price tried to dip below 1.6850 again last night but it held. Long with stops below 1.6850
Trade active:
Price must convincingly go above recent highs of 1.6913/5 to push higher.
Trade closed: stop reached:
Out of the trade at 1.6830.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.