We’ve identified key Support and Resistance levels on the GBP/AUD chart using technical analysis. Based on these levels, we’re preparing to execute four trades using two separate strategies, each with clearly defined entries, stops, and profit targets.
📌 Strategy 1 – Breakout Buy Setup
We're placing two buy stop orders based on a bullish breakout of resistance.
Pair: GBP/AUD
Entry (Buy Stop): 2.08927
Stop Loss: 2.07903
Take Profit 1 (TP1): 2.09951 (1:1 RR)
Take Profit 2 (TP2): 2.10975 (1:2 RR)
Lot Size: 0.15
Trades: 2 (1:1 and 1:2 Risk:Reward)
Total Risk for Both Trades : $200
Toral Reward : $300
📌 Strategy 2 – Re-entry on Breakout Retest
Using the same trade levels, we will re-enter the market with two more trades if price action confirms the breakout.
Pair: GBP/AUD
Entry (Buy Stop): 2.08927
Stop Loss: 2.07903
Take Profit 1 (TP1): 2.09951 (1:1 RR)
Take Profit 2 (TP2): 2.10975 (1:2 RR)
Lot Size: 0.15
Trades: 2 (1:1 and 1:2 Risk:Reward)
Total Risk for Both Trades : $200
Toral Reward : $300
🔹 Total Trades: 4
🔹 Technical Basis: Support & Resistance
🔹 Trade Type: Breakout with confirmation
✅ Defined Risk
✅ Two Clear Strategies
✅ Support & Resistance Based
✅ Suitable for Trend Continuation
#Hashtags:
#GBPAUD #ForexTrading #SupportResistance #BreakoutStrategy #TechnicalAnalysis #TradingView #ForexSignals #TradePlan #SmartMoney #PriceAction #RiskReward #FXMarket #SwingTrading #ForexSetup #ForexStrategy #MarketStructure #TradeSmart
📈 Let’s see how the market reacts at this level. Drop your thoughts or alternate setups below 👇
📌 Strategy 1 – Breakout Buy Setup
We're placing two buy stop orders based on a bullish breakout of resistance.
Pair: GBP/AUD
Entry (Buy Stop): 2.08927
Stop Loss: 2.07903
Take Profit 1 (TP1): 2.09951 (1:1 RR)
Take Profit 2 (TP2): 2.10975 (1:2 RR)
Lot Size: 0.15
Trades: 2 (1:1 and 1:2 Risk:Reward)
Total Risk for Both Trades : $200
Toral Reward : $300
📌 Strategy 2 – Re-entry on Breakout Retest
Using the same trade levels, we will re-enter the market with two more trades if price action confirms the breakout.
Pair: GBP/AUD
Entry (Buy Stop): 2.08927
Stop Loss: 2.07903
Take Profit 1 (TP1): 2.09951 (1:1 RR)
Take Profit 2 (TP2): 2.10975 (1:2 RR)
Lot Size: 0.15
Trades: 2 (1:1 and 1:2 Risk:Reward)
Total Risk for Both Trades : $200
Toral Reward : $300
🔹 Total Trades: 4
🔹 Technical Basis: Support & Resistance
🔹 Trade Type: Breakout with confirmation
✅ Defined Risk
✅ Two Clear Strategies
✅ Support & Resistance Based
✅ Suitable for Trend Continuation
#Hashtags:
#GBPAUD #ForexTrading #SupportResistance #BreakoutStrategy #TechnicalAnalysis #TradingView #ForexSignals #TradePlan #SmartMoney #PriceAction #RiskReward #FXMarket #SwingTrading #ForexSetup #ForexStrategy #MarketStructure #TradeSmart
📈 Let’s see how the market reacts at this level. Drop your thoughts or alternate setups below 👇
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.
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.