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BoonHooi
Oct 16, 2017 2:44 PM

Going long before the short on the GBPAUD Long

British Pound/Australian DollarFXCM

Description

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.
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