GBPAUD Long before Shorting S&H Pattern
Potential long targeting just below 1.77~ area. Market entry with stop below .618 fib.
Don;t expect any bad news that will change recent surge in pound. RBA neutral albeit plain statement. GDP tomorrow see lets see.
Waiting to short this as per linked idea where potential inverted head and shoulder is forming
Don;t expect any bad news that will change recent surge in pound. RBA neutral albeit plain statement. GDP tomorrow see lets see.
Waiting to short this as per linked idea where potential inverted head and shoulder is forming
Trade active
Comment:
Taking half profits now and adjusting SL to entry. looking for retest to long again. Keep eye on indication of reversal for S&H
Trade closed: stop reached:
Stop reached for remaining at entry - looking for reentry for longs as per above
