Potential Buy opportunity for GBPAUD/ Institutional trading
According to my Institutional view of trading... GBPAUD will rally but before that I'm waiting for price to reach the area 1.79650, which is where I'm looking to place my buy trades as shown above (buy limit orders applicable as well). Then SL will be at 1.79069 meaning this is a low risk to high reward trade (Risking 55.8 pips for a reward of 279 pips). The TP area is at price level 1.82492, which is also a sell zone I'm looking @ to sell GBPAUD as soon as it reaches it (TP's 1 & 2 have been provided). Again risk to reward is very good and all the information has been provided on the chart .
Use proper risk management and safe trading ;)
Use proper risk management and safe trading ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.