GBPAUD: A few Scenarios, Easily Profit From Any Outcome #Forex
Traders
It's worth noting I'm a bear to be honest, I am just waiting for a safe time to get some lots to the downside..
Saying this, if we hit 2.1540's and we see a nice reversal top upside candle (Especially a doji or pinbar) I'm happy to long into to the other level where shorts are likely to take place. Why would I do this? Because we'd be part of a smaller wave 3 pattern with a higher low and the trade has a nice chance of working out if you're nimble.
In a minor gridlock scenario, a few walks from here are possible, it's easy to profit from any outcome using common sense wish a dash of intuition. I'd rather it just plummeted from current price to be honest, but this may not happen...
Best of luck,
Tom
It's worth noting I'm a bear to be honest, I am just waiting for a safe time to get some lots to the downside..
Saying this, if we hit 2.1540's and we see a nice reversal top upside candle (Especially a doji or pinbar) I'm happy to long into to the other level where shorts are likely to take place. Why would I do this? Because we'd be part of a smaller wave 3 pattern with a higher low and the trade has a nice chance of working out if you're nimble.
In a minor gridlock scenario, a few walks from here are possible, it's easy to profit from any outcome using common sense wish a dash of intuition. I'd rather it just plummeted from current price to be honest, but this may not happen...
Best of luck,
Tom
This gives us an extremely high probability trade, HOWEVER people might pick up longs at 2.1360's (Approx) if not, we break down to the lows!