Here on GBP/AUD you can see a black lined channel, this is showing the daily trend channel. some of my post show the black channel and also a red channel. if you see a red channel this is the 4h channel. Anyway back to GA.
As you can clearly see, price is very close to the bottom of the channel and hopefully come down again to test that level, if re have a strong rejection at that level we will enter into a LONG trade until the next largely respected zone which is green as you can see.
This trade is a:
250 pip Reward
30 pip
Risk Ratio: 8.33
As you can clearly see, price is very close to the bottom of the channel and hopefully come down again to test that level, if re have a strong rejection at that level we will enter into a LONG trade until the next largely respected zone which is green as you can see.
This trade is a:
250 pip Reward
30 pip
Risk Ratio: 8.33
Trade closed: target reached