PriceActionTrading
Long

GBPAUD NICE SETUP TO KEEP A LOOKOUT.

FX:GBPAUD   British Pound/Australian Dollar
207 4 9
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
snapshot

Related Ideas

Appreciate a thumbs up and comments if you traders have benefited from my ideas. It helps.
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Broke above wedge. Looking for long upon correction. With confirmation. GBP is volatile.
+1 Reply
I Agree, Good Analysis. Its nice to see your ideas presented on multiple timeframes. :)
+1 Reply
Thanks tommy.
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