GBPAUD 1H BIG 3 BULLISH REVERSAL TRADE

Pair has been in a long term bearish trend
Market is ready for a bullish pullback but timing will be the issue
Pair in a triangle chart pattern

Long Trade
Since timing is the issue wait for your buy stops to hit
1st Buy Stop - 1.7765
2nd Buy Stop - 1.7805
3rd Buy Stop - 1.7875
Take Profit
Option 1 - Close all trades @ 1.7922
Option 2 - Close 1/2 profit just before 2nd Buy Stop and then enter again with 2nd Buy Stop
Close 1/2 profit of 2nd trade just before 3rd Buy Stop and then enter again with 3rd Buy Stop

Short Trade
Enter short trade with a 15m break-hook-go chart pattern
1st Take Profit @ 1.7639
2nd Take Profit @ 1.7600

Commentaire:

Market timing not ready yet for bullish reversal
Short trade had a break-hook-go entry
2 Short Take profits hit