GBP/AUD Trade Plan – Support & Resistance Strategy : Week-4

We’ve identified key Support and Resistance levels on the GBP/AUD chart using technical analysis. Based on these levels, we’re preparing to execute four trades using two separate strategies, each with clearly defined entries, stops, and profit targets.

📌 Strategy 1 – Breakout Buy Setup
We're placing two buy stop orders based on a bullish breakout of resistance.

Pair: GBP/AUD

Entry (Buy Stop): 2.08927
Stop Loss: 2.07903
Take Profit 1 (TP1): 2.09951 (1:1 RR)
Take Profit 2 (TP2): 2.10975 (1:2 RR)
Lot Size: 0.15
Trades: 2 (1:1 and 1:2 Risk:Reward)
Total Risk for Both Trades : $200
Toral Reward : $300

📌 Strategy 2 – Re-entry on Breakout Retest
Using the same trade levels, we will re-enter the market with two more trades if price action confirms the breakout.

Pair: GBP/AUD
Entry (Buy Stop): 2.08927
Stop Loss: 2.07903
Take Profit 1 (TP1): 2.09951 (1:1 RR)
Take Profit 2 (TP2): 2.10975 (1:2 RR)
Lot Size: 0.15
Trades: 2 (1:1 and 1:2 Risk:Reward)
Total Risk for Both Trades : $200
Toral Reward : $300

🔹 Total Trades: 4
🔹 Technical Basis: Support & Resistance
🔹 Trade Type: Breakout with confirmation

✅ Defined Risk
✅ Two Clear Strategies
✅ Support & Resistance Based
✅ Suitable for Trend Continuation

#Hashtags:
#GBPAUD #ForexTrading #SupportResistance #BreakoutStrategy #TechnicalAnalysis #TradingView #ForexSignals #TradePlan #SmartMoney #PriceAction #RiskReward #FXMarket #SwingTrading #ForexSetup #ForexStrategy #MarketStructure #TradeSmart

📈 Let’s see how the market reacts at this level. Drop your thoughts or alternate setups below 👇