GBPAUD BUY SET UP with Patterns and Structure
GBPAUD BUY SET UP
Price hit the horizontal structure
and the last 4h candle can't close below.
It also hit the 1.272 EXT of the AB LEG
which complete a butterfly pattern
buy gbpaud, SL below 1.414 ext
Aim for a big reversal
Price hit the horizontal structure
and the last 4h candle can't close below.
It also hit the 1.272 EXT of the AB LEG
which complete a butterfly pattern
buy gbpaud, SL below 1.414 ext
Aim for a big reversal
Trade closed: stop reached
stopped at 1.6245 50 pips loss
Note
the reason is due to the rally of the meatls:copper ion ore and zinc, which drives aud up.
A sl is a Sl, part of the plan.
so cut the loss small and move to the next potential winning trade.
this week the eurjpy and gbpjpy short is doing well,
Note
Trade active
After stopped out, we have another 2618 Buying Opportunity
Note
1.6220 works well. so now we can buy gbpaud based on the price action from that level. SL below 1.6180
More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
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.
More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
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.