OmegaJ
Long

Long GbpAud (Monthly Trade)

FX:GBPAUD   British Pound / Australian Dollar
378 1 12
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:
Comment: Added 1 more long
Comment:

Added final lot.

Good luck
Comment: Added 1 more lot based on IB rejection wick

Comment: Finally,I see green !
Comment: All trades moved to break even.

Good cable economic report
Comment: Udpating GA trade plan

Levels based on clones.

Clones level are powerful tool for identifying S/R and TP levels
Comment:
Comment: Monthly IB Hit!
Comment:

Monthly Insidebar resistance broken

Looking for more upside
Comment: 1.258417
Comment: Considering adding smaller lots depending on price action at key levels as shown
Comment:

Partial profit will be taken at the level shown
Comment:

Took partial profit.. 300pips :D
Comment: Reason why I'm still bullish on GbpAud.. No lower low since the start of the bull run
Comment:

Hedge small shorts , looking to long at respected levels if PA shows reversal
Comment: Closed hedge, price did not break low upon consolidation.

Will see how Price Action on breakout
Comment: Price moved accordingly, =)
Comment:

Next level once clone level is broken
Comment: Pure price action analysis.

Added 1 small lot due to risks in this trade

Comment: Trade is still active.. :D



A close above will find new high target


For information on cloning technique, please refer to the idea posted.

Special thanks to @nmike for the fabulous technique
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