PriceActionTrading

GBPAUD NICE SETUP TO KEEP A LOOKOUT.

Long
FX:GBPAUD   British Pound / Australian Dollar
GBP IS STRONG, APPARENTLY IN LIGHT OF RECENT POLITICAL MATTERS.
I WOULD LONG THE BOTTOM OF THE WEDGE WITH CONFIRMATION AND REJECTION.

DUE TO THE STRENGTH, TRADE MAY NOT TRIGGER THEN I WOULD SWITCH TO OTHER TRADES.
I WOULD ONLY GO LONG AT OPTIMAL RR @ BTM OF WEDGE SETUP.

LIKE, COMMENT IF YOU AGREE OR DISAGREE. MUCH APPRECIATED :)

W1

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.