GBPAUD
Simple price action
Set this trade up before the trendline break on the Friday just past. Entered following a short term correction made just after the break. My Target is placed around the weekly trendline support. A correction is due, so my stop loss is placed just above my entry as I plan to hold my position through the possible correction. Watching the correction play out in a smaller time frame can give opportunities for a second sell entry or a first if you don't already have a position.
Stop Loss : 1.65337
Target : 1.61000
Simple price action
Set this trade up before the trendline break on the Friday just past. Entered following a short term correction made just after the break. My Target is placed around the weekly trendline support. A correction is due, so my stop loss is placed just above my entry as I plan to hold my position through the possible correction. Watching the correction play out in a smaller time frame can give opportunities for a second sell entry or a first if you don't already have a position.
Stop Loss : 1.65337
Target : 1.61000