GBPAUD LONG Doji at Support

FX:GBPAUD   British Pound / Australian Dollar
A doji is forming off horizontal support coinciding with the bottom trendline of an upwards channel on GBPAUD . We're also at a 61.8% Fibonacci retracement from the recent swing high to swing low, and are just below the 50 SMA . All these factors suggest to me the prescence of a turning point. As such, I put in an order to go long at 7990 with my stop at 7920. My target profit is 1.82, giving me a reward/risk of 3. If Price closes above the dashed orange line I will move my stop to break-even. We are also in a clear uptrend.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out