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neilharveyg

GBPAUD - Intraday - Textbook Trend line Breakout Trade

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
neilharveyg Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis Support and Resistance Pivot Points
3
0
trendanalysis supportandresistance pivotpoints
Technical Analysis - GBPAUD price action recently broke a trendline support which acted as a nice floor in the previous price actions. DO NOT CHASE the breakout. Wait for it to retest and trigger your positions.
Trade active:
Nice trade setup. Textbook breakout complete. Price is now retesting the broken trendline. My target is the DPP

snapshot
Order cancelled:
The price action perforated well the broken trend line. Looking for another entry once the price action breaks and retests the immediate support level.

Kudos!
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