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
Where would you place the stop Kevin? ATR based?
+1 Reply
KevinSinghDhaliwal IvanLabrie
a year ago
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?
Reply
IvanLabrie TOP KevinSinghDhaliwal
a year ago
snapshot
+1 Reply
KevinSinghDhaliwal IvanLabrie
a year ago
Ahh makes sense . Lets see
Reply
moneymaking
a year ago
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.
Reply
Hi kevin, stops should be above 2.055.
support becomes resistance from year 2009.
snapshot
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dangap
a year ago
Are you trading this as a butterfly?
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