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.

Lets see and Good Luck
Are you trading this as a butterfly?
Hi kevin, stops should be above 2.055.
support becomes resistance from year 2009.
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.
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?
IvanLabrie KevinSinghDhaliwal
+1 Reply
Ahh makes sense . Lets see
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