Charlieab94
Long

GBPAUD Long Trade *FIBONACCI CLUSTERING*

FX:GBPAUD   British Pound / Australian Dollar
Basic fib clustering technique combining multiple timeframe trend analysis to get high accuracy entries with a larger R:R.

Using the current 4hr bullish trend to enter a long trade on the ent higher low, Fib & TL bounce.

I am aiming for the target trend fib -0.27 extension to maximise reward:risk ratio.
Trade active
Comment: This trade is now risk free at +60 pips. Moved SL to entry

Comments

Nice analysis Charlie, am on the same page in a different fashion. Its my watch of the week currently, looking at Silver as well. waiting for confirmation. Trade safe and well. :-))
+2 Reply
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