FX:GBPAUD   British Pound/Australian Dollar
491 5 18
Price has broken out from 4Hr trendline - Confirm breakout, look for Bullish signal. Zones have been drawn up for reference.

Always use proper money management.
Comment: What may happen

snapshot
Comment: Just an update - This may take time as price is consolidating - I believe that a rally will come - You can manually close your trade for now if you are not comfortable with minimal loss or with minimal profit and trade above the price indicated on the chart. As of now, I will slug it out and ride the storm.
snapshot


Here is the link of a slow consolidation that followed by a strong rally in AUDNZD

AUDNZD - Momentum build up for LONG
Comment: I'm still holding this position

Apply money management

snapshot
Trade closed manually: Closed at b/e - Will assess tomorrow
Took off 50 pips on 1st position
Trade active: Opened 2 positions at the open of 4 Hr candle see chart (Entry and Chart) Placed SL on the 1st position at b/e as it is now up 60 pips. Second at with a 80 pips SL

Still in Horizontal consolidation and the spike down of the 4Hr candle did not close below the black line.

Sticking to this trading Plan. A more conservative approach is to go long outside of the consolidation box.


snapshot
Trade closed manually: Took profit of one position for 94 pips at the break of 1.70179. Second position closed at b/e.

Daily candle close shows a fakeout move.

Will monitor this again.
thank u for making it clear
Reply
longed now at 1.6950 , SL 1.6925
Reply
@Andrew as always your charts are worth reading...Thanks mate.
Reply
Thank you
Reply
nice !
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out