Long GbpAud (Monthly Trade)

Based on clones levels, I am looking to long GbpAud for couple of reasons.

1) Clone resistance at 1.70183
2) Potential divergence on daily TF, and smaller TF shows bear exhaustion unless news triggers.
3) Trix exhaustion with divergence.

I expect price to 'retest' lows to validate a change in trend.

Trade active:

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Added 1 more long

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Added final lot.

Good luck

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Added 1 more lot based on IB rejection wick

s3.amazonaws.com/tra...shots/o/O41AgY2W.png

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Finally,I see green !

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All trades moved to break even.

Good cable economic report

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Udpating GA trade plan

Levels based on clones.

Clones level are powerful tool for identifying S/R and TP levels

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Monthly IB Hit!

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Monthly Insidebar resistance broken

Looking for more upside

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1.258417

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Considering adding smaller lots depending on price action at key levels as shown

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Partial profit will be taken at the level shown

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Took partial profit.. 300pips :D

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Reason why I'm still bullish on GbpAud.. No lower low since the start of the bull run

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Hedge small shorts , looking to long at respected levels if PA shows reversal

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Closed hedge, price did not break low upon consolidation.

Will see how Price Action on breakout

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Price moved accordingly, =)

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Next level once clone level is broken

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Pure price action analysis.

Added 1 small lot due to risks in this trade

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Trade is still active.. :D

A close above will find new high target