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GBPAUD Bullish Breakout Long Opportunity Update: TP1 Reached

GBPAUD Bullish Breakout Long Opportunity

Published: 07-04-2018

GBPAUD Completed the Bullish Flag and broke out the flag line.  We will look for a Long and Short Opportunity.

 

Our Trade Idea:

TRADE: LONG

ENTRY: 1.79030

STOP: 1.78500

TARGET 1: 1.79400

TARGET 2: 1.80100

EXTENTED TARGET: 1.80400

UPDATE: TP 1 REACHED. 37 PIPS. We wait for the second target.

 

If the trade works as predicted we will look for a short at D. 1.80200 – 1.80400

Good Luck

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

GBPAUD:   Forex Trading involves risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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