GBPAUD has formed a 100 score Bearish Engulfing trade setup on the daily timeframe. This setup is confirmed by a very strong downtrend, a very strong Bollinger Band outbreak, and a significant engulfing candlestick. SL set at previous highs, TP set at previous lows.
Note
Currently +193 pips in profit.Note
At the 78.6% fib retracement level, A bullish engulfing candle formed with a very strong Bollinger Band outbreak, I will watch the 4H chart and if I see a bullish impulse, I will take profits. If not, I will continue to hold.Note
Still holdingTrade closed manually
+500 pips profit.
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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.