Sell Limit: 1.76025-1.76500
Stop Loss: 1.76700-1.77000
Take Profits: 1.75300-1.74600
Risk/Reward: 2.8/1
AVG Hold: 2 days Expectancy: 1-3 days
........................................
Hedge Order: * Protects 33% of Trade
Buy Limit/Stop: 1.76025-1.76500 * Hedge Entry MUST be equal to Sell Entry.
Stop Loss: 0%-25% of gap between Open Entry and Open Take...
Price action is retracing to complete a harmonic shark pattern and our strategy is to average up our position at the completion of the pattern. The 4th leg of the shark pattern is also a major resistance zone. FX:GBPAUD
The pair has completed a harmonic bat pattern on the 1 hour chart which signaled us to buy the pair. Our take profit set at the green zone and we set a stop at the red zone. OANDA:GBPAUD
We have approached a resistance trend line which started back on April 21st 2017 and a resistance dating back from May 6th 2010...if not even further back. We also have a bearish divergence on MACD and Momentum. If price breaks resistance it would be invalid.
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive
drive.google.com
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
