FX:GBPAUD   British Pound / Australian Dollar
Hi everyone we have a pattern on GBPAUD             . The price does seem to respect it also the targets have been labelled on the chart.
TP1:2.00684
TP2:1.984117
RP3:1.96822
TP4:1.95184

Lets see and Good Luck
Are you trading this as a butterfly?
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Hi kevin, stops should be above 2.055.
support becomes resistance from year 2009.
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Need to be pretty cautious when shorting any pair that has GBP as the base currency. Very strong bullish momentum, any shorting opportunity should be considered as short-term.
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Where would you place the stop Kevin? ATR based?
+1 Reply
Hi IvanLabrie, we could but I will be also looking at the price of 2.0600 or around that. What number do you have if you are looking for some pips to the downside?
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IvanLabrie KevinSinghDhaliwal
+1 Reply
Ahh makes sense . Lets see
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