British Pound / Australian Dollar

Long

Updated

GBPAUD POSSIBLE BUY

I missed the perfect entry, but I still think it's a good buy.
Confluences:
Fourth touch on the uptrend
resistance
Candlestick

Note

Edit: I meant to type "support," not "resistance." The support level hovers above the 61.8% retracement

Note

I do see a massive downswing potential, so keep a close eye on this. Sellers are probably looking for an entry near 1.7900

Trade closed: stop reached

I secured profits by moving my stop loss above entry

Also on:

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.