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Profound_Ambition
Sep 21, 2017 5:34 AM

GBPAUD 4H Long

British Pound/Australian DollarFXCM

Description

Price made a higher low during (exhaustion period), now trying to break through a supply zone & visit a recent high first, then a new higher highs should be formed.. Price making higher highs & higher lows after breakout of its downtrend line last week. Keep in mind Aussie has a meeting shortly & they will be discussing interest rates. Negative outlook on that could send this pair flying higher. Lets see how it plays out!! :)

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seems like Aussie is weak, price breaking out of supply zone

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70 pips already! :D

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150 pips now, good sign price broke previous high & retested. We should see New higher high shortly :)

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1.70700 acting as a possible supply zone, closed with 185 pips

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done & dusted..
Comments
FemiAdewole
Done, Dusted and profit Banked. All in round about 10 hours. Nice and quick!
Profound_Ambition
@FemiAdewole, yup great trade here, glad I looked into it last night!
FemiAdewole
Thanks for sharing this nice setup.I was a bit aggressive and jump in @1.68279 +200 pips up now. I am using your TP for exit @easywayout.
Profound_Ambition
@FemiAdewole, your welcome! & nice! milk those profits :D
Profound_Ambition
@FemiAdewole, depending on how strength continues, be prepared to take profit at 1.70 potentially id watch price action around there
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