Fxprotrader
Long

GBPAUD Buy Setup Opportunity

FX:GBPAUD   British Pound/Australian Dollar
141 0 18
In a previous post (see the link below) while price was testing the upper trendline of a falling wedge, i mentioned that we should watch for a breakout above the trendline and go long. Price didn't break that level and dropped once again. It's now heading towards the lower trendline of the wedge. It's a very good idea to buy at the level for a new move up which probably be the one which breaks the upper trendline of the wedge giving us a great risk/reward ratio trade.
Website: www.fxproblogger.com/
Twitter: www.twitter.com/fxproblogger
Facebook: www.facebook.com/fxproblogger/
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out