GBPAUD
Sell - Trade based on five MA
- Price made a retracement on the way down (50 EMA). In that retracement, a nwe high pivot point was made. A wave is created with that high and the prior low pivot point (we will use this as SL as seen later on)
- TP just above last low pivot point
- SL above value zone (seen with line chart)
Trade closed: target reached:
TP HIT