GBPAUD (H4): LONG NOW on this TRENDLINE SUPPORT Rejection!
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The GBPAUD is finally giving us a nice Long Opportunity! before to continue reading the details and description, have a quick look on my previous daily technical analysis to understand the reasons I think the market is starting a new uptrend!
You could check it out on the "Link to Related Ideas" or clicking the link here below:
Let's focus now on the area that interests us:
The price started following an ascending channel, getting a perfect rejection on the trendline support, this could be an interesting opportunity to entry long until the price will reach the next resistance zone!
Here below the details about this trade:
ENTRY POINT: 1.77660
TAKE PROFIT: 1.79337
STOP LOSS: 1.76362
RISK/REWARD RATIO: 1.5
Trade Safe and Responsibly
Gianni
The GBPAUD is finally giving us a nice Long Opportunity! before to continue reading the details and description, have a quick look on my previous daily technical analysis to understand the reasons I think the market is starting a new uptrend!
You could check it out on the "Link to Related Ideas" or clicking the link here below:
Let's focus now on the area that interests us:
The price started following an ascending channel, getting a perfect rejection on the trendline support, this could be an interesting opportunity to entry long until the price will reach the next resistance zone!
Here below the details about this trade:
ENTRY POINT: 1.77660
TAKE PROFIT: 1.79337
STOP LOSS: 1.76362
RISK/REWARD RATIO: 1.5
Trade Safe and Responsibly
Gianni
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