GBPAUD - LONG @ 1.62000
DESCRIPTION: GBPAUD is rejecting the Monthly structure support and the psychological level of support @ 1.60000 (Major Quarter, see The Quarters Theory from Ilian Yotov), and is forming a double bottom in this beautiful area of support.
ENTRY: I entered the trade because it broke the daily trendline.
TARGET: I am targeting the next level of structure resistance which is also an area of psychological barrier (1.65000, Major Half Point) at approx. 1.66000.
STOPS: STOPS will be placed below the engulfing candlestick pattern.
ENTRY: I entered the trade because it broke the daily trendline.
TARGET: I am targeting the next level of structure resistance which is also an area of psychological barrier (1.65000, Major Half Point) at approx. 1.66000.
STOPS: STOPS will be placed below the engulfing candlestick pattern.
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