Trade the Breakout Long

FX:GBPAUD45

British Pound/Australian DollarFXCM

Description

⋅ Feb 13, 2020 12:50 AM

If asian stock markets are down, the idea would work out

Comment

⋅ Feb 13, 2020 2:32 AM

Entry triggered, now let the stops take me out should it be a fake out

Comment

⋅ Feb 14, 2020 3:52 AM

So, we got this right, now what ? Continuation or Rebound

Comment

⋅ Feb 16, 2020 5:36 PM

We would monitor 1.94400, as this area seems to be offering resistance for now

Comments

7jrdn

⋅ Feb 18, 2020 12:06 AM

I traded this, just noticed your idea

MDSADI

⋅ Feb 18, 2020 1:34 AM

@7jrdn, Yah GBPAUD can always be traded based on asian session breakout range

MDSADI

⋅ Feb 13, 2020 7:55 AM

Asian session range is defined, now a hourly candle close during london session above 1.93000 would imply at-least 1.93500 in near term. Similarly a close below 1.92500 can create a bearish case