Long

GBPAUD - UPSIDE, UPSIDE, UPSIDE!

Updated

Although this post is intended for the shorter term, even if we look at the bigger picture (Weekly TF) I can spot an Expanded Diagonal correction and we would now be at the final 5th leg of the sequence going up towards the upper level of the Diagonal. I will be posting the weekly chart for reference. Also as further confirmation we can see the formation a relatively long Hammer Candle could indicated bullish bias building up.

Trade safe and implement your own due diligence before executing a trade.

Note

The Weekly view

Note

My personal details for this post:
E: 1.6790
SL: 1.6710 (80)
1st Target:1.7000
2nd Target: 1.7170

Note

For risk and money management purposes, always determine based on your stop loss your risk exposure not to be above 2%
For example on a $50,000 account, this would be equivalent to 1,25 Lots
This is set to be used as an example and in an educational manner.

Note

Targets and closure of positions may be subject to change during the course of the trade. This is due to the ever-changing and unpredictable nature of the market.

Aqua_Trader

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