Lm7ee

GBP/AUD BREAK>RETEST SETUP

Éducation
Lm7ee Mis à jour   
FX:GBPAUD   Livre sterling / Dollar australien
GBP pairs have closed above previous daily high's & GBPAUD also closed above 1.875 so we will more than likely see GBPAUD head to the next key area which is 1.9000. We could see a potential break and retest and go long for a nice 250 pips.
To summarise...
KEY SUPPORT AND RESISTANCE AREA HAS BEEN BROKEN. So we wait for a retest and rejection before going long.
If that doesn't play out wait for a candle to finish outside of the Uptrend before entering, possible even M/A cross over to help with entry.
Transaction en cours:
Should've caught 80+ pips and maybe another 80+ pips on the 2nd entry. I still do see price heading to 1.9000 but I really don't want to be having to exit and re enter every 2 hours. Let's see if a candle finishes outside of 1.8350 so we can look for a retest.
Note: I personally may not be trading this now with how GBP pairs are moving this week. Just an idea for those who are.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.