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British Pound / Australian Dollar

GBPAUD Personal Idea - Long Setup

By Searle
Updated
Monthly : Bullish, Ended as a pin Bar.
Weekly : Uptrend, Structure Break with Engulfing Candle.
Daily : Broke through Resistance creating a HL
4HR : Wait for retracement and possible 61 fib entry confirmation pattern or candle.
Trade active
Comment
SL is moved a little higher than Breakeven to cover commissions and spread.
Comment
Trailed SL up to 1.79250. locking in profits
Trade closed: stop reached
SL was taken out.

Weekly chart still printed HH.
Market is correcting to make a HL.

will wait ofr a candle pattern to re-enter Long.
Beyond Technical AnalysisChart PatternsGBPAUDgbpaudanalysisgbpaudlonggbpaudsetupgbpaudtradeTrend Analysis
Searle

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