GBP/AUD (LONG – BUY)
Updated
The GBP/AUD seems to be currently in a MINOR UPTREND.
A Large amount of technical indicators show a very strong INTERMEDIATE UPTREND to possibly follow soon, which include the following:
Overall weekly trend-line is in uptrend
Major H4 Support Line has not been broken once which has caused the minor uptrend to start.
No H1 resistance lines at the current price which could further ease a possible uptrend
The current minor uptrend is in its 3rd wave which cause a bit of a problem of whether an immediate market buy is done or whether a buy should only be done once a pullback occurs, the decision is yours.
Recommended Entry:
The current minor uptrend is in its 3rd wave which cause a bit of a problem of whether an immediate market buy is done or whether a buy should only be done once a pullback occurs, the decision is yours.
Entry:
Take Profit:
TP1: 1.79936
TP2: 1.80521
TP3: 1.81082
Stop Loss:
Stop Loss at around 1.78976
Good Luck – Trade Responsible
Use 1% risk per Position!
Always strive to continuously improve your trading strategy and knowledge
A Large amount of technical indicators show a very strong INTERMEDIATE UPTREND to possibly follow soon, which include the following:
Overall weekly trend-line is in uptrend
Major H4 Support Line has not been broken once which has caused the minor uptrend to start.
No H1 resistance lines at the current price which could further ease a possible uptrend
The current minor uptrend is in its 3rd wave which cause a bit of a problem of whether an immediate market buy is done or whether a buy should only be done once a pullback occurs, the decision is yours.
Recommended Entry:
The current minor uptrend is in its 3rd wave which cause a bit of a problem of whether an immediate market buy is done or whether a buy should only be done once a pullback occurs, the decision is yours.
Entry:
Take Profit:
TP1: 1.79936
TP2: 1.80521
TP3: 1.81082
Stop Loss:
Stop Loss at around 1.78976
Good Luck – Trade Responsible
Use 1% risk per Position!
Always strive to continuously improve your trading strategy and knowledge
Trade closed: target reached
TP 1 reached, TP 2 and 3 stopped out in profit
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