GBPAUD Swing Trade Recap: 952 Pips Bagged 🚀
🎯 Trade Overview:
📍 Entry: 1.96049 (Jan 21)
🎯 Exit: 2.05543 (Feb 15)
⏳ Held for: 25 days
📈 Total Move: +952 pips
🔍 Why I Entered:
✅ Uptrend Intact – The market was climbing like a hiker pushing toward the summit.
✅ Oversold Conditions – Price dipped too low, like a spring being compressed, waiting to bounce.
✅ GBP Strength vs. AUD Weakness – The British Pound had solid fundamentals, while AUD was struggling, much like a strong runner racing against someone losing steam.
📉 Why I Exited:
🚧 Major Resistance Ahead – Price was hitting a known ceiling, like a ball bouncing off a hard surface.
💰 Locking in Profits – After such a big move, it made sense to take profits before momentum faded.
📌 Takeaway:
Trading is like surfing 🌊—you ride the wave while it’s strong and exit before it crashes. This GBPAUD setup combined technical and fundamental reasons for a high-probability trade, securing nearly 1,000 pips!
#Forex #SwingTrade #GBPAUD #PipsSecured 🚀
🎯 Trade Overview:
📍 Entry: 1.96049 (Jan 21)
🎯 Exit: 2.05543 (Feb 15)
⏳ Held for: 25 days
📈 Total Move: +952 pips
🔍 Why I Entered:
✅ Uptrend Intact – The market was climbing like a hiker pushing toward the summit.
✅ Oversold Conditions – Price dipped too low, like a spring being compressed, waiting to bounce.
✅ GBP Strength vs. AUD Weakness – The British Pound had solid fundamentals, while AUD was struggling, much like a strong runner racing against someone losing steam.
📉 Why I Exited:
🚧 Major Resistance Ahead – Price was hitting a known ceiling, like a ball bouncing off a hard surface.
💰 Locking in Profits – After such a big move, it made sense to take profits before momentum faded.
📌 Takeaway:
Trading is like surfing 🌊—you ride the wave while it’s strong and exit before it crashes. This GBPAUD setup combined technical and fundamental reasons for a high-probability trade, securing nearly 1,000 pips!
#Forex #SwingTrade #GBPAUD #PipsSecured 🚀
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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.
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.