TerryHarmonicTrading
Long

GBPAUD - Bullish Channel Play Continues

OANDA:GBPAUD   British Pound / Australian Dollar
Hey guys, this is Terry.

Right now we have a nice bullish setup on GBPAUD             targeting 1.8.

This is easily a 200 pips profit potential setup with a 1:1 R:R.

Check out my video so that I can share my thoughts with you on why this is a great bullish setup.

Comment:

i am taking a 5 pips loss to reenter at a much better price. The last candle, I see strong vol resisting the current move up.

As I entered not at the most optimal price, I will be waiting at low of channel to buy in to achieve much better risk to reward.
Comment:

Let's be patient and wait for this shark pattern to complete before going long on GBPAUD.

Always buy low and sell high, never chase the highs and get trapped in no man's land.
Comment:

Went long in the afternoon after price challenge the low of the channel again.

Apologies for the late update.

Next move up should hit 1.8
Comment:

Took profit 50 pips off the lows of the channel.

Right now there is a shark completion and i do not want to trade against the direction of the pattern.

Will be looking to buy again at the low of the channel.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out