GBPAUD Long (after retracement)

Dec 20, 2016

I'll be waiting for the retracement to be complete. Then go long when price reach the 0.5 fib retracement level + previous support level.

Dec 20, 2016

Note

You may want to buy right now around the 1.7015 handle with a stop loss below current trend line.

Then add if price continue to retrace down to the 0.5 fib level.

Dec 23, 2016

Note

This trade is not over.

Lots of support is coming. around the 0.618 retracement level (trend line + previous resistance + major fib level).

Dec 23, 2016

Trade active

Price touched the 1.699 entry level.
Stop is below the 0.618 fib level at 1.693.
Target is 1.754