If and only if gbp/aud moves above 1.7830. then I will enter a buy position at 1.7840 Stoploss at 1.7491 target 1 = 1.82050 target 2 = 1.8691 If and when target 1 is reached i will move the stoploss to break even and then some, and exit half the position, i will exit the other half at target 2 or before than depending on conditions.
There is possibility of a head and shoulders pattern forming, along with macd divergence, and a break in the uptrend, IF and only IF those three come true, we have a chance of entering the trade when price retests the neckline and starts moving down. Only once that retest is complete and price starts it's journey to the downside will we even think about entering...
Nifty daily chart shows a head and shoulders pattern being formed along with macd divergence, if the neckline is broken i will wait for a pullback to the neckline to enter a short trade. SL at 8665 TP 1 at 8460 TP 2 at 8310
Crude will first retest of pullback to the 50ema and 200ema levels on the daily chart and then start a slow move up to 60 over the next few weeks. FX_IDC:USDWTI