Hi guys,
Here we have a nice setup on GBPAUD pair. As you can see this pair recently moved beyond 50EMA and created a new high followed by a nice pullback which came close to EMA and bounced with a bullish engulfing candle which suggests it is on course to move higher to make at least a double top if not more.
I have therefore gone long on this one and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Here we have a nice setup on GBPAUD pair. As you can see this pair recently moved beyond 50EMA and created a new high followed by a nice pullback which came close to EMA and bounced with a bullish engulfing candle which suggests it is on course to move higher to make at least a double top if not more.
I have therefore gone long on this one and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Trade closed: target reached:
Closed with 92 pips
Trade closed manually:
Closed my final position with 281 pips.