GBPAUD - Forecast
GA is currently consolidating has been for a couple of days now, Its been quite a big consolidation box of around 80 pips or so, but we don't trade like to trade consolidation as their unpredictable.
We will wait for the break out of the consolidation area, hopefully to the upside.
As you can see price is about to break the 50 EMA, and hopefully retest that as support. We will look to take this trade in the London Open on Monday 9th Nov.
We have an alert set for this. NOT AN ORDER, as we also need to wait for the rejection of the consolidation box.
We will be targeting recent previous highs as its a key level/zone.
This trade:
25 pips SL
175 pip TP
RR: 7.00
Hopefully will be an awesome trade to start the week off.
If you need anymore information, please don't hesitate to message me privately
MrGeorgeGX
Signing Off.
We will wait for the break out of the consolidation area, hopefully to the upside.
As you can see price is about to break the 50 EMA, and hopefully retest that as support. We will look to take this trade in the London Open on Monday 9th Nov.
We have an alert set for this. NOT AN ORDER, as we also need to wait for the rejection of the consolidation box.
We will be targeting recent previous highs as its a key level/zone.
This trade:
25 pips SL
175 pip TP
RR: 7.00
Hopefully will be an awesome trade to start the week off.
If you need anymore information, please don't hesitate to message me privately
MrGeorgeGX
Signing Off.
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