GBP/AUD: Buying the breakout!
Updated
According to the form of the curve, it seems prices have shifted temporarily from bearish to bullish.
I am looking to take advantage of today's GBP strength and buy the pair as soon as the channel is broken to the upside.
I will first target the 50% retracement, then wait for a re-test of the structure. If i see a rebound, I will target the 61.8% fib retracement (T2).
Trade at your own risk
I am looking to take advantage of today's GBP strength and buy the pair as soon as the channel is broken to the upside.
I will first target the 50% retracement, then wait for a re-test of the structure. If i see a rebound, I will target the 61.8% fib retracement (T2).
Trade at your own risk
Trade closed: target reached
T1 Reached, en route to T2!Comment
My Target 2 is 1.82030Comment
Zoom on M15Comment
Comment
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