GBPAUD We're trying to capture a flag breakout

Our top down analysis indicates that this pair may move further downside so we want to capture a flag breakout trade and leave it open for the next week

Like and comment if you find value in our analysis.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

Comment:

Flag formation is expanding and we're loosing advantage. We'll monitor the gray zone for a better entry next week

Trade closed: target reached:

Last weeks trade. Taking profit partially with 1.75% profit.