a.h1979

GBPAUD possible break up?

FX:GBPAUD   British Pound/Australian Dollar
99 18 3
a possible break to up if price close above 2.07748 target 2.0960
on other flip a full candle close below 2.06688 target zone 2.03889 - 2.03338
Comment: price didnt break or close above 2.07752 (need to watch) to move up but price shows signs or reverse to down need to watch the highlighted zone for short trade
Comment: as planned on from post price to target and if we have break above 2.0960 next target would be 2.11380 and to go short from this level
Comment: yellow zone acted as support, still favoring long on this pair only break only break below the zone look for short entry
Comment: again yellow zone is support a beak below 2.0726 and close below zone look for short currently i anticipate long to retest 2.1055
Comment: Trade hit target as plan and went down !
Comment: short probably to 2.1096 - 2.1062 a strong push could take price to to yellow zone broken before
Comment: on daily basis long is preferred
Comment: if price break 2.09600 next target could be 2.1181
Comment: price tested 2.09600 as mentioned above but no break seen yet
need to watch
Well Done Ali!! :)

CharlieFX
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CharlieFx96 CharlieFx96
Regarding your latest comment --
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a.h1979 CharlieFx96
:) we will wait and see price action from 2.1166 to short
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about comment (2)
When 2.0960 is reached Scale in your position, by the same purchase amount, and move your stop up, that way you can maximize profits, whilst if it turns against you.. You still have the same stop, just maximizing a position, then half way @ 2.11740 close half your order and continue to ride the trend!

Happy Trading.

CharlieFX
Reply
CharlieFx96 CharlieFx96
Just Remember, if you at any time "SCALE IN" Always take the over advantage of trailing your stop, but make sure its near to potential profit, otherwise the market will move 100 pips and automatically close your position!!

CharlieFX
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a.h1979 CharlieFx96
thanks for the advise

i have posted new idea about AUDJPY need your comment
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On you Comment / Update,

Via thinking about Elliot Wave Theorem..

The pair should be in a correction and then may head lower!

Good Luck,

CharlieFX
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a.h1979 CharlieFx96
am really glad for your advises in fact Elliot wave is something hard for me to understand i guess :) i wish to have more knowledge about the theory
but on other side am watching for candles thats why i have commented on a possible change :)
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Go on the internet, and look at how the Elliot Wave works, I can guarantee you will understand it in an hour or two but if you keep using it now and then it will become easy to identify for you,
as it will stick out in your mind!

Also I appreciate talking to others every now and then, this is what trading-view is for! you are welcome!

CharlieFX
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a.h1979 CharlieFx96
and the other thing is 2.07748 still holding the pair from going down!
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