GA LONG - this is a long term prediction. A big trade which you should only use a small slot size for and sit in this for at least 6 months maybe longer, look for rejection of the ascending trend line plus fib levels.
1200 PIP GAIN 6/1 RR
Here is a 273 pip long idea for gbpaud. It's on a strong weekly support and its showing signs of a breakout above the trendline. Strategy is my secret 20% strategy.
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GBP has shown a bit of strength recently resulted in a bouce off the upward channel. SL has been placed under both this structure and the horizontal support.
Price is moving upwards in the long term #TrendTrader. Be wary price may respect this downward trendline and breakout to the downside.
Looking for a Long (Buy) trade if the short term downward trendline is...
My BIAS for GBP/AUD in the upcoming week will be a BUY.
My reasons behind this are that we had
1.A previous ascending channel which has been broken and rested with a strong Bullish Engulfing Candle following the retest.
2.We are currently travelling above a recent Supply Zone and also a strong daily resistance which we've also seen act as support at 1.81300.
I am off out tonight to celebrate an amazing week trading and yes i am going to have 1 or 2 beers after all you have to let your hair down sometimes ( although this is hard for me as i have no hair ) haha.
Area of interest is highlighted, we are favoring bullish movement from this area, fundamental news today has pushed price down but technical analysis will push...
Similar trade setup to my last post, We have a strong TL formed that keeps getting respected and price is at a key level.
So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive bullish or bearish movement.
This trade is like having a...