GBPAUD has broken from the support of the long term uptrending diagonal channel (which started around November 8, 2017). There is a descending triangle for this currency pair which is in confluence with my bearish bias. As such, I am waiting for a candlestick to break and close below the horizontal support at 1.79152. Stop loss will be based on ATR x 2 while the take profit target shall have the same number of pips by default.
Kommentera:
TP1 hit! :) (May 21)
Trade Setup: Trend Continuation
Price Entry 1.79157
SL 1.80207 | SL pips 105.0
TP1 1.78107 | TP1 pips 105.0
RRR1 1.0