GBP AUD - Long position 3:1 Win vs Risk Ratio
Updated
Hello all
I missed the initial surge out of the down trend, however now it has cycled lower again towards support (which was previously resistance)
I am now looking to enter long,
I will be taking two entries, one at 3 : 1 now and the other will be a long term trade up to 1.8700 area, on the first cycle higher
This could play out to be a great trade, however the second entry will take time to reach if it plays out that way
I am looking for cycles higher at support with engulfing candles on at least the 1 hour chart
Thanks for looking
I missed the initial surge out of the down trend, however now it has cycled lower again towards support (which was previously resistance)
I am now looking to enter long,
I will be taking two entries, one at 3 : 1 now and the other will be a long term trade up to 1.8700 area, on the first cycle higher
This could play out to be a great trade, however the second entry will take time to reach if it plays out that way
I am looking for cycles higher at support with engulfing candles on at least the 1 hour chart
Thanks for looking
Trade closed: target reached
Trade played out as planned, target reachedDisclaimer
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