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British Pound / Australian Dollar
Long

Long GBPAUD

By BACapitalManagement
Updated
GBPAUD posted a green weekly Heiken Ashi candle as well as a green daily Heiken Ashi candle on the daily that followed a red daily Heiken Ashi candle. This is the signal I look for to go long.
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View from the daily time frame that. Notice a green Heiken Ashi candle that posts after a red candle.

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Switching to traditional candlesticks, I plan to make entry around the white line and place my stop below the local low.
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Trade active
I decided to make entry this morning. Entry will be higher than I want, stop loss still where I planned it would be.

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Trade closed manually
Closed this trade today for profit.

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audbuyCandlestick AnalysisGBPGBPAUDLONGSupport and Resistance

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