GBPAUD is showing us some really interesting price action.
We recently bounced off the channel support and broke a descending trendline, indicating that we may be starting our bullish wave, even if its just short term.
The price action indicated in the blue oval is almost identical. Expecting a massive move up in the next couple of days.
Trade idea:
Watch for price to bounce off the fibonacci level
Enter with stops below the lows
Target the channel resistance
Goodluck and trade safe!
We recently bounced off the channel support and broke a descending trendline, indicating that we may be starting our bullish wave, even if its just short term.
The price action indicated in the blue oval is almost identical. Expecting a massive move up in the next couple of days.
Trade idea:
Watch for price to bounce off the fibonacci level
Enter with stops below the lows
Target the channel resistance
Goodluck and trade safe!
Note
1H - Note
Running 130pips with 0 drawdown!Entry: Bounce off fibonacci
SL: Below the recent lows
Note
GBPAUD hits take profit! 14pip stoploss was used and a massive 340pip take profit!
1:24
Well done to those who took this trade :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.