FX_IDC:GBPAUD   POUND STERLING / AUSTRALIAN DOLLAR
81 3 0
$GBP/AUD consolidation can be close to complete. The pair is expected to reach equal leg at 1.9385 - 1.949 and turn higher at least in 3 waves if not resuming the rally to new high. We don't like to sell the pair and favour buying the pullback in the above area against 1.92 (1.618 extension) for a new high. We will move stop to break even when the pair has bounced 50 back of the decline from 2.0028.

For more trading ideas and video, visit our site: http://bit.ly/14wqJdU

Related Ideas

EWForecast
2 years ago
We have entered first position at 1.9493 (1.00 extension) and second position at 1.9385 (1.236 extension) for an average entry of 1.944. Initial stop loss 10 pips below 1.618 extension at 1.92 for 2% risk. We have moved stop loss to breakeven when the pair rallied above 1.95 on Friday after NFP. If market stops us out, will stay flat and re-evaluate the structure.
Reply
EWForecast
2 years ago
Pair has already rebounded 50 back of decline from 2.003. We have taken half profit at 1.974 and let the remaining position run at break even.
Reply
EWForecast
2 years ago
Remaining position stopped out at break even. We will post a new long setup
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out