Shane94

GBP/AUD, Potential BUY, 15M

Long
OANDA:GBPAUD   British Pound / Australian Dollar
Nice Inverted Head and Shoulders forming on 15m timeframe.

Comments

The big institutions who cause the big moves are trading on the one hour chart, not the fifteen minute.
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Shane94 StewySongs
@StewySongs Thank you for comment! Do you feel I may find better support and resistance levels using a slightly higher timeframe?
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Shane94 StewySongs
@StewySongs I was also under the impression top down analysis is a good idea? I believe this is how some institutional traders will trade. And from my experience a lot of traders recommend using the 15m for good entry? What are your thoughts?
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