PateSkpate

GBPAUD 60min Wedge Breakout

FX:GBPAUD   British Pound/Australian Dollar
GBPAUD             is putting in a Wedge Pattern on the 60min time frame. These Wedges typcially end in good breakouts. I will be looking to trade this breakout in either direction. This pair has been very bearish as of lately, so I would like to see it break to the downside.

Entry - I will be waiting for a Break & Close out of the wedge and will be looking to buy/sell on a quick retest of the Wedge Pattern.

Targets - Target #1 will be equal to the height of the wedge (Orange lines on the chart).

Stops - These can be placed many different ways.. I put my stops 1 ATR above/below the Breakout Bar.

Good Luck!
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out