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Yassine
Jun 17, 2016 12:19 AM

GBPAUD LONG 1D TF: Trend line breakout and pullback. Long

British Pound/Australian DollarFXCM

Description

Reason for buying:

Price broke the trend line and made a pullback to the broken trend line suggesting that now is time to start buying on the daily time frame.

Target:

The fib extension helps to determine our buying target.
Price has retraced to the 0.618 (1.90801) level which means that it'll go up to the 1.618 (1.90801) level.


Entry:

You can enter now or look for entry points on some lower time frames.
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