#GBPAUD: Trend reversal signal
Here is an example of a possible long trade. The trading idea is based on a trend reversal at the support zone . The price and RSI formed a bullish divergence . The price broke the local downtrend line. MACD is bullish .
If the buyers can keep the price above the support zone , we should be ready to see an upward movement to SMAs .
Buy above 1.80450
Stop below 1.77850
Profit target at 1.89250
Risk per trade must be no more than 1-2% from the capital. It is possible to use round numbers below the main profit target for fixing the part of the profit. It will be a good idea to use a trailing stop as well.
If you like this trading idea, please support my work by smashing the like button. If you think this idea makes no sense, share your own in the comments.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the buyers can keep the price above the support zone , we should be ready to see an upward movement to SMAs .
Buy above 1.80450
Stop below 1.77850
Profit target at 1.89250
Risk per trade must be no more than 1-2% from the capital. It is possible to use round numbers below the main profit target for fixing the part of the profit. It will be a good idea to use a trailing stop as well.
If you like this trading idea, please support my work by smashing the like button. If you think this idea makes no sense, share your own in the comments.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.