# GBP/AUD Trading Plan
1. **Entry:**
- Buy on candle close above consolidation box
- price above moving averages
2. **Stop Loss:**
- 2.07601 as indication price failed to break out
- Use 2% account risk max
3. **Take Profit:**
Next major resistance level
4. **Key Confirmations:**
- Increasing volume on breakout
- Higher timeframe uptrend intact
- Strong momentum indicators
5. **Management:**
- Move stop to breakeven at +50% to first target
- Take partial profits at first target
1. **Entry:**
- Buy on candle close above consolidation box
- price above moving averages
2. **Stop Loss:**
- 2.07601 as indication price failed to break out
- Use 2% account risk max
3. **Take Profit:**
Next major resistance level
4. **Key Confirmations:**
- Increasing volume on breakout
- Higher timeframe uptrend intact
- Strong momentum indicators
5. **Management:**
- Move stop to breakeven at +50% to first target
- Take partial profits at first target
Trade active
move SL to breakeven
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.