British Pound / Australian Dollar

Long

GBP.AUD - Buy The Breakout

By UnknownUnicorn180388

Updated

My basic 4hr chart analysis on the GBP.AUD

A buy stop order is now in place.

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Please note my entry, stop loss and take profit levels are reserved.

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A minor breakout has now occurred

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1hr breakout and a close above EMA.

snapshot

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Monthly & Weekly outlook included.

GBP.AUD - Technical Breakdown

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A strong impulse out of the consolidation, i will be watching price into 1.7100

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Trailing stop loss now in place.

Trade closed: target reached

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snapshot

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Long term i am looking for 1.7700 however we will now need to see some sort for consolidation period, after a strong impulse.

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Price running into 1.7300 resistance, a consolidation period is now expected.

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Trading Strategy Using The 50 EMA

UnknownUnicorn180388

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