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Brobins84

GA Potential 120 pip drop | 35 pip SL

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
Brobins84 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Beyond Technical Analysis
2
2
beyondta
Wait until GA approaches the major large quarter point (1.8000) and show signs of rejection.... Look for a double top on the 15 min with an evening star on the second leg of the M. Added confluence would be a failed low (where the second leg of the M does not reach as high as the first leg). Higher probability trade if there is divergence reflected on the oscillator below. 35 pip SL... TP 1 - 50 pips, TP 2 - 75 pips, TP 3 - 120 pips ( expecting price to to go for liquidity below the double bottom on the 1 hour TF).
Comment:
SL at Break Even... Risk free trade. (I closed one position after 40 pips. Leaving second position open till 1.78594)
Comment:
75 pips in... Place SL 25 pips in profit... Consider taking partials if you haven't already. Lets see if they give us the remaining 45 pips.
Comment:
Trailing SL hit 75 pips in profit
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