glennmercer
Long

GBPAUD Long: Breakout to New Monthly Pivot

FX:GBPAUD   British Pound/Australian Dollar
10 months ago
GBPAUD             has broken a bearish trendline and could possibly reach its new monthly pivot for February, 2016. This is a simple mean reversion trade based on structural S/R and a trendline breakout. Support may be found at the 200SMA and 200EMA lines in addition to S/R from structural lows. The short-term bullish trendline may also add support should price reach those levels. Entry is placed at the retest of the bearish trendline with SL below structural lows and target at the new monthly pivot.
10 months ago
Trade active
10 months ago
Comment: +105 Pips: SL Moved to below wave 2 of triangle breakout impulse
snapshot
10 months ago
Trade closed: target reached: Closed for a win before the news - original pivot target reached soon after for +140 pips
Follow me on twitter: @gmercerfx
Shoot me an email: gmercerfx@gmail.com
jhakas
10 months ago
it needs to crack 2.025 for further action towards 2.03 and 2.035.. below 2.025 it will remain in consolidation..
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out