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UnknownUnicorn6441570

GBPAUD - Perfect confluence - up we go!

Panjang
Paun British / Dolar Australia (FX:GBPAUD)  
UnknownUnicorn6441570 Telah dikemas kini   
FX:GBPAUD   Paun British / Dolar Australia
Trend Analysis Support and Resistance Fibonacci buy LONG shorttermtrade metatrader fib levels wolfofwallstreet Forex moneymaker
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trendanalysis supportandresistance fibonacci buy long shorttermtrade metatrader fib levels wolfofwallstreet forex moneymaker
As you can see from the chart we have taken a nice buy position on this pair. We have the bearish trend which has been respected for some time now on the higher timeframes. This broke out and it was a matter of time before we saw some action to get involved in the next trade. We can see on the lower 1hr timeframe we have created a nice little bullish trend which matches perfectly to a good level of structure and the 50% fib. So, we have 3 confluences, 3rd touch trendline, good level of structure and also the fib. All of these lead us to believe the market should see a nice upward momentum.

Please drop your thoughts and comments below :)

Any questions don't hesitate to ask.
Komen:
Beautiful trade this we waited for London open and the pair flew in the right direction
Penafian

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