Hi guyz, We SELL for the Wave E in the triangle. Trade with Care. Cheers.
We have broken a major trendline in daily time frame and we just broke a flag on hourly time frame. this trade has a awesome ratio of 7.
Hi traders!I hold a point:Good charts do not need more words to explain! Good luck! AB=CD
If you catch the GBPAUD entry last night, this trade could turn into a mini position trade. If the 1.6400 area fails, we should see a bigger push down. Some of your may be tempted to take the 100+ pips now, but a lot more pips are waiting. I would at least leave part of your position open ;) Keep an eye on news. News could cause a few spikes up, but the Sterling...
The GBPAUD long term trend is most definitely bearish. However, the recent move is likely to bounce off the 1.6542 level. I would guess a short Fib bounce, then back down again. We have Retail Sales coming up shortly, so keep an eye on that. Buy near 1.6542 with a pretty tight stop (because this is a counter-trend trade), hold for a consolation move, then reverse...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron