Hi traders I am looking for a bullish move in GBPAUD. Currently I am long in what might turn out to be an intra day trade but with the potential of turning into a trade of higher degree (1hour time frame). So if you are not yet in the trade, wait for a consolidation/flag to trade the continuation on the 1hr time frame.
15min entry:
15min entry:
Comment:
So far so good guy's. I moved my stop loss as shown in the charts. This means a guaranteed 6% profit (risk-reward at least 3-1)
If I see another short term consolidation I will execute another buy, otherwise I stay aside for now and see whether I can trail this move higher as long as I can.
If I see another short term consolidation I will execute another buy, otherwise I stay aside for now and see whether I can trail this move higher as long as I can.
Trade closed: target reached:
trade hit the original target.
Notes are in the chart. Safe trades!