GBP / AUD - (Forecast)
Hi Traders,
We have a possible LONG entry on GA, as you can see price has been rejecting this current zone now for 12 hours on the 2h timeframe. If this trade gives us the correct confirmations/confluences we will enter. One of the trades we will aim for recent highs of 1.85200 (Area), The second trade we will plan our TP to the recent rejection zones of 1.83700 (Area).
If prices breaks current zone and becomes a sell off, we will enter on a sell to the 1.81800 area (40/50 pips)
Trade One
- Entry @ 1.82557 (Area)
- SL @ 1.82357 (20 pips)
- TP @ 1.83707 (115 pips)
-- Risk Ratio: 5.75
Trade Two
- Entry @ 1.82557 (Area)
- SL @ 1.82357 (20 pips)
- TP @ 1.85157 (260 pips)
-- Risk Ratio: 13.00
We have a possible LONG entry on GA, as you can see price has been rejecting this current zone now for 12 hours on the 2h timeframe. If this trade gives us the correct confirmations/confluences we will enter. One of the trades we will aim for recent highs of 1.85200 (Area), The second trade we will plan our TP to the recent rejection zones of 1.83700 (Area).
If prices breaks current zone and becomes a sell off, we will enter on a sell to the 1.81800 area (40/50 pips)
Trade One
- Entry @ 1.82557 (Area)
- SL @ 1.82357 (20 pips)
- TP @ 1.83707 (115 pips)
-- Risk Ratio: 5.75
Trade Two
- Entry @ 1.82557 (Area)
- SL @ 1.82357 (20 pips)
- TP @ 1.85157 (260 pips)
-- Risk Ratio: 13.00
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