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VaidoVeek
Oct 8, 2019 12:15 PM

GBPAUD | Approaching an Interesting Price Zone Long

British Pound/Australian DollarFXCM

Description

Hi,

GBP seams to get some hits but probably those last two ideas can produce at least short-term scalps if nothing more than that.

Criteria:
1. Middle nr. 1.8500
2. Waves
3. Trendline
4. Fibonacci Golden Ratio 62% and Fibo 50%
5. Previously worked strong price level
6. Channel
7. Different EMA's on higher timeframes, they are a bit higher than the marked area but if the price reaches inside the green zone then hopefully, they start to act as delayed supports, whatever that means :)
8. Wait for a bullish candlestick pattern formation on the 1H+ TF


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Best regards,
Vaido

Trade closed: target reached

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