Simplify-
Long

gbpaud at the bottom? - Long

FX:GBPAUD   British Pound / Australian Dollar
111 6 7
This may be the entry for the idea i've published almost a month ago (related ideas).
I am treating this correction as an ending diagional, this offers us a great risk to reward in the 3 entry points i've marked, and a small stop for the more agressive one.
Stops are placed below the invalidation point, that is where wave (v) is longer than wave ( iii             ).
If price invalidates this setup, is nothing to worry about, if you comapre the stop with the potential reward this setup has.

For me:
Entry: 2.0021
Stop loss: 1.9899
Target1: correction upper trendline
Target2: upper D1 channel trendline
Comment: First position break even, and added on break of trendline
You Nailed it Dude, Good !
+1 Reply
Simplify- InsiderB
Thank you Billa ! Now let's see if we get out of the correction, and make one more move up.
+1 Reply
nice analysis ...good luck
+1 Reply
Thank you pardis ! Good luck to you too.
Reply
Yes, looks good to move up
+1 Reply
Simplify- Piet.Hein
It does look good, it looks even better if you take in mind the potential reward this pair has.
Thank you Piet !
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out