Chart says it all, after making a new higher high GBPAUD is now in a correction phase which is a good opportunity to go long. market direction is now reversing and this might seem more obvious after a breakout of the H&S neckline! for me, i prefer to take a long in the right shoulder to get a better RRR.
Risking a max of 1% for this trade setup is okay for me at least, let's see how this goes!
Risking a max of 1% for this trade setup is okay for me at least, let's see how this goes!
Trade closed: target reached
+350 pip on this trade 🏆
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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.