Get started
TheMeditrader

Trendline Breakout Continuation

Long
British Pound / Australian Dollar (EIGHTCAP:GBPAUD)  
TheMeditrader  
EIGHTCAP:GBPAUD   British Pound / Australian Dollar
Trend Analysis Trend Lines
0
0
trendanalysis trendline


GBPAUD

After a strong bull breakout confirming the trend line breakout, I'm looking to bid this market at 1.74495, the 61.8 fib retracement and a level of previous reaction. My stop will be placed beneath swing low and I'll be targeting the swing high, which is slightly below ATR and about a 61.8 fib extension from the breakout bar.

Good luck,

The Meditrader
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.