GBPAUD:1.618EXT and the Breached Inscribed Trendline

The price hit the 1.618EXT of previous rally and the downward inscribed trendline has been breached.
So it is a good chance for opening long position at 1.596-1.572 levels which is also the retracement of 0.618 and the pullback of the breached inseribed trendline.
SL:below 1.592
TP1:1.606
TP2:1.620

The 1.607 level maybe a very strong resistance,and if more profits are wanted,the market must break through this level at first.

Trade ativo:

Comentário:

Although pulled back too much,1.592 level was still kept.

Comentário:

The 1.607 level is very stong,and more patience is needed.Just wait and see.

Comentário:

TP1 reached.

Trade fechado: stop atingido:

Just TP1 reached,and some profits were taken.