My view/signal of GBPAUD. Potential long opportunity.
After a successful short trade I posted previously I’m expecting the price to come back up to MPBA (Major Pullback Area) 1.88350, after a clear break of PBA 1 (Pullback Area). Entry is at 1.85048. Stop Loss is below current low and below a possible pullback area (7th of July 2021). Stop Loss is at 1.84022. TP 1 is at a PBA 2 (Pullback Area) 1.86960. TP 2 is valid if we break PBA 1 at 1.87548. TP 2 is at 1.88350.
PARAMETERS
- Entry: 1.85048
- SL: 1.84022
- TP 1: 1.86960
- TP 2: 1.88350
KEY NOTES
- Price could get back to the MPBA 1.88350.
- TP1 is at a PBA 2 (Pullback Area) 1.86960.
- TP 2 is valid after a clear break of PBA 1 (Pullback Area) 1.87548.
Happy trading!
After a successful short trade I posted previously I’m expecting the price to come back up to MPBA (Major Pullback Area) 1.88350, after a clear break of PBA 1 (Pullback Area). Entry is at 1.85048. Stop Loss is below current low and below a possible pullback area (7th of July 2021). Stop Loss is at 1.84022. TP 1 is at a PBA 2 (Pullback Area) 1.86960. TP 2 is valid if we break PBA 1 at 1.87548. TP 2 is at 1.88350.
PARAMETERS
- Entry: 1.85048
- SL: 1.84022
- TP 1: 1.86960
- TP 2: 1.88350
KEY NOTES
- Price could get back to the MPBA 1.88350.
- TP1 is at a PBA 2 (Pullback Area) 1.86960.
- TP 2 is valid after a clear break of PBA 1 (Pullback Area) 1.87548.
Happy trading!
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Related publications
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.