GBPAUD (My Soon Trade Of Day)
Order is pending until price action hits my entry/buy limit (should be soon)
Risk/Reward of 1:4
Profit: 120 pips
Stop: 25 pips
Profit is at the daily main pivot point
I believe that price action just completed a Fakey (lower), now the trend will be bullish for the rest of the day.
Always, have risk management 1st, which is stop loss and lot sizes in place before you make any new trades.
Note: Just giving everyone a possible trade and my idea (if you have not 100% evaluated any opinions/or trades yourself) please do not take the trade.
Wish you the best and great trading.
Risk/Reward of 1:4
Profit: 120 pips
Stop: 25 pips
Profit is at the daily main pivot point
I believe that price action just completed a Fakey (lower), now the trend will be bullish for the rest of the day.
Always, have risk management 1st, which is stop loss and lot sizes in place before you make any new trades.
Note: Just giving everyone a possible trade and my idea (if you have not 100% evaluated any opinions/or trades yourself) please do not take the trade.
Wish you the best and great trading.
Trade closed manually:
PA on hourly timeframe did not close above my entry so trade never happened for this daytrade, maybe tomorrow. Some days no trade is the best to trade.