GBPAUD - always plan ahead

GBPAUD - we can see this pair has been respecting this bullish 4hr trend line for some time now. Although, previously we can see that price has tried to break through. We anticipate we should see price come back through this trend line next week, then get the pull back to around the area marked out and then we will look to get into a sell position and ride this down.

Always plan the trade, if you don't already know where your stop loss and take profit areas are before you place your trade then you are simple just gambling. How do you know what you expect to happen if you don't already know where you are going to enter & exit.

'before you invest in something, invest in time to understand it" if you aren't willing to take the time to learn forex then all you are going to do is either follow signals or guess your trades which will get you no where.

Drop me a message if you require any help at all.