GBPAUD: Price Is AT THe Trendline & Significant Level $1.83000
Updated
Hey There!
Welcome to another new and exciting trade week! If you haven't started following me, please follow me, its free to do so :-) Hit Like and Share with your fellow Trader Friends/Acquaintances.
I have decided to take another long opportunity on GBPAUD. This time I will be playing the support at $1.83400 right at the trendline. Will we find buyers at this support level? On our last GBPAUD set up we didn't have enough buyers in the market to take price pass the $1.86300 level. The sellers quickly came back in and drove price well below the $1.85000 significant level.
Let's see if the $1.83000 level will find support and hopefully buyers will have the momentum to push price all the way up to the 50% Fib level. I'm being conservative with my stop loss and will only be risking 100 pips as the down trend on H1-Daily timeframe is still in tact.
Here's the plan:
Buy Limit at $1.83400 Stop Loss: $1.82400 Take Profit: $1.94400
Stay Tuned for updates.
Please follow, like, comment, and share.
Good luck & Happy Trading :-)
Welcome to another new and exciting trade week! If you haven't started following me, please follow me, its free to do so :-) Hit Like and Share with your fellow Trader Friends/Acquaintances.
I have decided to take another long opportunity on GBPAUD. This time I will be playing the support at $1.83400 right at the trendline. Will we find buyers at this support level? On our last GBPAUD set up we didn't have enough buyers in the market to take price pass the $1.86300 level. The sellers quickly came back in and drove price well below the $1.85000 significant level.
Let's see if the $1.83000 level will find support and hopefully buyers will have the momentum to push price all the way up to the 50% Fib level. I'm being conservative with my stop loss and will only be risking 100 pips as the down trend on H1-Daily timeframe is still in tact.
Here's the plan:
Buy Limit at $1.83400 Stop Loss: $1.82400 Take Profit: $1.94400
Stay Tuned for updates.
Please follow, like, comment, and share.
Good luck & Happy Trading :-)
Trade active
Trade got triggered at $1.83400. Join the discussion. Follow, like, and share.
Good luck :-)
Trade closed: stop reached
Price just went through $1.8300 showing no respect at all for the level. In the future I’ll definitely take a wait and see approach as price approach my entry.
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