GBP/AUD: Long Reversal running

GBP/AUD: Long Reversal running

> Higher High and higher low printed
> Break out of the triangle formation
> POC below current price
> Last weekly high far away

Structurally, this is a long based on the rules of our Wall Street H/L System. It is, however, a little risky ahead of the FED tonight. Why? Because the decision + press conferent COULD lead to direction-changing moves. If you do not mind economic data risk, you can enter.

Also check out my stream on the FED + Swingsetups:

www.tradingview.com/streams/IdyZrtgUHy/

Meikel & Team WSI

Comment:

The trade made aprx. +50 Pips since entry. If you do not want to risk much more, you could take some profits here. There is potential to move higher, but 50 Pips is already decent.

Trade closed: target reached:

Our target area has been reached. Congrats everyone for taking this trade.