GBPAUD - Position/Swing Trade Long Term Setup
Updated
GBPAUD Swing/Position Trade Long Term Set-up
Daily Chart
Wide stop loss is needed for this trade. at least 150 to 250 pips.
Might take several weeks for trade to unfold.
Reasons for this trade:
-Price reached upper band of the channel.
-Divergence in RSI
Need to hold trade for maybe a month.
Entry, SL and TP levels as indicated in the chart. Happy trading!
Daily Chart
Wide stop loss is needed for this trade. at least 150 to 250 pips.
Might take several weeks for trade to unfold.
Reasons for this trade:
-Price reached upper band of the channel.
-Divergence in RSI
Need to hold trade for maybe a month.
Entry, SL and TP levels as indicated in the chart. Happy trading!
Note
SL can be adjusted up to 300 pips. First TP is more than 300 pips as well. 1:1 RR. Give trade breathing roomTrade active
Note
+100 pips profit from 1.97000. Keep holding. The bear run has just begun. :P
Note
+200 pips :PNote
TP1 HIT!!! Keep holding. GBPAUD is gonna drop some more.
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