GBP/AUD - LONG
Updated
1M
Last month’s price action rejected monthly resistance of 1.7500 a closed above 1.8000. The same candle tested the upwards facing EMA.
1W
EMA’s are pointing towards the upside, with last week’s candle closing below 1.8000, as price got to far away from EMA’s. Price has now been pushed back above 18000.
1D
Three inside up formation was formed on last nights close where I entered the trade. Closing above the upwards facing EMA’s.
4H
Price action has dropped into the preferred fib zone with a bullish engulfing, this ended the pull back. CTL has been broken followed by an EMA cross over to the upside. Target has been set at 1.8500.
Last month’s price action rejected monthly resistance of 1.7500 a closed above 1.8000. The same candle tested the upwards facing EMA.
1W
EMA’s are pointing towards the upside, with last week’s candle closing below 1.8000, as price got to far away from EMA’s. Price has now been pushed back above 18000.
1D
Three inside up formation was formed on last nights close where I entered the trade. Closing above the upwards facing EMA’s.
4H
Price action has dropped into the preferred fib zone with a bullish engulfing, this ended the pull back. CTL has been broken followed by an EMA cross over to the upside. Target has been set at 1.8500.
Note
STOP lOSS MOVED UP TO BREAK EVEN.Trade closed: target reached
Target Hit
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