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GBPAUD - Position/Swing Trade Long Term Setup
British Pound / Australian Dollar
Short
GBPAUD - Position/Swing Trade Long Term Setup
By fxtraderAUF
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Updated
Feb 4, 2020
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Cheer
Cheer
Jan 31, 2020
GBPAUD Swing/Position Trade Long Term Set-up
Daily Chart
Wide stop loss is needed for this trade. at least 150 to 250 pips.
Might take several weeks for trade to unfold.
Reasons for this trade:
-Price reached upper band of the channel.
-Divergence in RSI
Need to hold trade for maybe a month.
Entry, SL and TP levels as indicated in the chart. Happy trading!
Jan 31, 2020
Comment
SL can be adjusted up to 300 pips. First TP is more than 300 pips as well. 1:1 RR. Give trade breathing room
Feb 2, 2020
Trade active
Feb 3, 2020
Comment
+100 pips profit from 1.97000.
Keep holding. The bear run has just begun. :P
Feb 3, 2020
Comment
+200 pips :P
Feb 4, 2020
Comment
TP1 HIT!!! Keep holding. GBPAUD is gonna drop some more.
Chart Patterns
Technical Indicators
Trend Analysis
fxtraderAUF
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