Sterling Aussie short?
Updated
I hope you all are doing great!
GBPAUD has been making quite a lot of waves in the recent past, both on the 1h and 4h TFs.
Previously, I had managed to find a 'Gartley' on the 4 hourly but missed entry due to force majeure.
Now I have a 'Cypher' on the 1 hourly chart.
Entry at D point completion and, although the SL should be kept above X, as per setup, I highly suggest keeping it above any of the previous 2 highs before X.
As for TP, it can be set near points C or A, ultimately at the 127.2 XA extension if held.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
GBPAUD has been making quite a lot of waves in the recent past, both on the 1h and 4h TFs.
Previously, I had managed to find a 'Gartley' on the 4 hourly but missed entry due to force majeure.
Now I have a 'Cypher' on the 1 hourly chart.
Entry at D point completion and, although the SL should be kept above X, as per setup, I highly suggest keeping it above any of the previous 2 highs before X.
As for TP, it can be set near points C or A, ultimately at the 127.2 XA extension if held.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Note
Well, this didn't hold well. The Aussie went crashing! Anyway, there is further build up, will post soon.
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