FX:GBPAUD   British Pound / Australian Dollar
longing GBPAUD here, looking for 1.8750 as a potential target giving about a 4:1 RR most of my trades will have about 1-2% risk depending on the potential i see. If i jump in on a bias based off of the 4H chart for example my risk will be calculated to 1-2% then i will lower the time frame to a 1hr, 30m, 15m to see if i can decrease my risk. So say on 4hr my risk is 1% but i might find a stop loss level on 30m my risk now decreases to say .3% for example meaning when i see fit i can load up 2 more positions and ride them to my tp taking profit as i see fit of it the market shows heavy signs of reversal. Hope this little piece of info helps some of you has helped my students become profitable and more confident in their trading. P.S. long term gbpaud should see the 1.9300 price level as long as 1.8200 does not break to the downside so id be looking at nothing else other than buy setups here until that 1.9300 is hit.cheers
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