Jacksonian
Short

GPBAUD Spike Trade Rejection or Break

FX:GBPAUD   British Pound / Australian Dollar
These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle . If the price closes above the rectangle , close the short, and go long, otherwise, stay short and target those 100 pips. If price breaks the blue rectangle , it will easily cover your loss on the short position and still give you profit. There should be profits either way.
Comment: If it climbs 20 more pips and closes, then buy
Comment: Still in the green. I would put a close order where the bottom of the previous hours wick touched
Comment: If price closes below 1.958, we should be in for a drop further than where my original target was placed
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out