British Pound / Australian Dollar

Short

GbpAud 8R set up

By KKN_Investment_Limited

Updated

This is one of those times where one trade is enough to make your whole month.
A bearish gartley has just formed followed by a double top.
For those whose TP1 is retracement 38.6, it has already been hit.
Now we wait for the 61.8 and hopefully the 100% retracement.

As always keep your stops tight.
Anything can happen in the market.

Note

Trade playing our well. Risk averse traders can move their stop loss to break even

Note

We expect price to retrace even lower and might even hit 1.785.

snapshot

Trade closed: target reached

TP2 hit.
Now we wait for price to drop lower hopefully to 0.786.

Note

We are 15 pips short of our 14R TP3. This has been a remarkable trade.

snapshot

Note

AndTP3 has been hit.

snapshot

KKN_Investment_Limited

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