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.
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 !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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