TimStuyts

GBPAUD great set-up, the scenario's

FX:GBPAUD   British Pound/Australian Dollar
176 0 5
For my previous post and context see below:
GBPAUD update; Top-Down


I didn't see an entry yet but I think we will have a great trade opportunity soon either bullish or bearish . The bearish break first towards 1.80-1.82 would be great because that would present an even better buy set-up.

updates will follow

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Comment:
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Comment: GBPAUD made that last attempt lower as we were looking for 8 days ago before the reversal happened. When I see a break out of a projected area the trade becomes high probability. Now I like to see a test of my upper zone by means of yellow rectangle. Buying after consolidations on lower time frames for day trades is a good idea.

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