GBPAUD NICE SETUP TO KEEP A LOOKOUT. Long

British Pound/Australian DollarFXCM

Description

⋅ May 11, 2015 7:31 AM

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

gbpaudlong

Comments

PriceActionTrading

⋅ May 12, 2015 3:56 AM

Broke above wedge. Looking for long upon correction. With confirmation. GBP is volatile.

tommyjones91

⋅ May 11, 2015 7:45 AM

I Agree, Good Analysis. Its nice to see your ideas presented on multiple timeframes. :)

PriceActionTrading

⋅ May 11, 2015 8:00 AM

Thanks tommy.

PriceActionTrading

⋅ May 14, 2015 8:17 AM

Appreciate a thumbs up and comments if you traders have benefited from my ideas. It helps.