$$GBPAUD (Pending) Shorts (Week 35'16)
$GGBP/AUD Shorts
After Identify A Good Area To Get In Longs In My GBP/AUD
Previous GA Set Up, I've Now Identified An Area Where I Can Possibly Short This Pair.
<<< As You Can See Structural GA
Been Rejecting Price From That Resistance Trend-line A Numerous Amount Of Time Since May'16
However Looking Where Price Is At Currently, We See The x3 Fail Attempt
To BREAK-OUT Which Lead To The Rejection
Price Has Also Broken Out Of Minor Support Trend-line And Closed Below 23.6%
I Will Be Entering This SET-UP If Price CLOSES (Candle Close) Below The Identified ONCE Resistance Turns Support
Area Around 1.74910
If IT Fails TO Break That Support AREA & Close Below 1.74910 This Set UP IS INVALID
After Identify A Good Area To Get In Longs In My GBP/AUD
Previous GA Set Up, I've Now Identified An Area Where I Can Possibly Short This Pair.
Been Rejecting Price From That Resistance Trend-line A Numerous Amount Of Time Since May'16
However Looking Where Price Is At Currently, We See The x3 Fail Attempt
To BREAK-OUT Which Lead To The Rejection
Price Has Also Broken Out Of Minor Support Trend-line And Closed Below 23.6%
I Will Be Entering This SET-UP If Price CLOSES (Candle Close) Below The Identified ONCE Resistance Turns Support
Area Around 1.74910
If IT Fails TO Break That Support AREA & Close Below 1.74910 This Set UP IS INVALID
Trade active
Trade active
Trade Is Active Eventhough, Missing Out On Perfect Entry & Will Be Puting Trade @ Break-Even Before The RBA-News In A HourOrder cancelled
Lower Time Frame Entry Stopped Out BE, & Will Be Waiting For 4hour Clear Break Of Support In 30Mins Before Re-Entering As Posted On https://Set-UPhttps://uk.tradingview.com/x/ktkjUE1W/Note
Note
Trade be/TP1Trade closed: target reached
Trade Close BE As Being Aware Of Area Where Price May Bounced Which Was Posted As The TP1 OR BE Area, On To The Next Trade.
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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.