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GBPAUD - Bullish Channel Play Continues
British Pound / Australian Dollar
Long
GBPAUD - Bullish Channel Play Continues
By TerryHarmonicTrading
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Updated
Feb 21, 2018
9
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Feb 21, 2018
Hey guys, this is Terry.
Right now we have a nice bullish setup on GBPAUD targeting 1.8.
This is easily a 200 pips profit potential setup with a 1:1 R:R.
Check out my video so that I can share my thoughts with you on why this is a great bullish setup.
Feb 21, 2018
Comment
i am taking a 5 pips loss to reenter at a much better price. The last candle, I see strong vol resisting the current move up.
As I entered not at the most optimal price, I will be waiting at low of channel to buy in to achieve much better risk to reward.
Feb 22, 2018
Comment
Let's be patient and wait for this shark pattern to complete before going long on GBPAUD.
Always buy low and sell high, never chase the highs and get trapped in no man's land.
Feb 26, 2018
Comment
Went long in the afternoon after price challenge the low of the channel again.
Apologies for the late update.
Next move up should hit 1.8
Feb 26, 2018
Comment
Took profit 50 pips off the lows of the channel.
Right now there is a shark completion and i do not want to trade against the direction of the pattern.
Will be looking to buy again at the low of the channel.
GBPAUD
Support and Resistance
terryharmonic
Trend Analysis
TerryHarmonicTrading
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