GBPAUD TRADE IDEA POTENTIAL 200-300 Pips
What’s Up Forex Community...
Been a long time, however #ForexFargo checking back in.
Analysis is on #GBPAUD today.
Will Be Looking For Long as long as...
Holds as Support Zone
Wait for Price Action confirmation
Price has potential to stop hunt & wick off @ A Daily Low level of 1.80550ish for Premium Entries (aggressive)
Wait for 1hr closure above zone for solid confirmation (conservative)
Potential 200-300 Pip Reward
Potential Entries would be @ 1.80550-181250
Waiting to see what AUD news does later in terms of creating potential stop hunts and getting better entries at a institutional level if possible.
If price doesn’t make it down to my projected area, then I will look to enter this trade as price enters my zone marked as a conservative approach with less risk involved.
Been a long time, however #ForexFargo checking back in.
Analysis is on #GBPAUD today.
Will Be Looking For Long as long as...
Holds as Support Zone
Wait for Price Action confirmation
Price has potential to stop hunt & wick off @ A Daily Low level of 1.80550ish for Premium Entries (aggressive)
Wait for 1hr closure above zone for solid confirmation (conservative)
Potential 200-300 Pip Reward
Potential Entries would be @ 1.80550-181250
Waiting to see what AUD news does later in terms of creating potential stop hunts and getting better entries at a institutional level if possible.
If price doesn’t make it down to my projected area, then I will look to enter this trade as price enters my zone marked as a conservative approach with less risk involved.
