GBPAUD is in a Day range pattern Price is at the bottom of the range and also at a long term sup/res level Price can bounce off range bottom or breakout and continue the trend
Day Breakout trade - Sell Stop @ 1.7520 Take Profit @ 1.7420 Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again 4H Reversal Trade 1st Buy Stop @ 1.7775 2nd Buy Stop @ 1.7805 3rd Buy Stop @ 1.7875
Take Profit 2 options Opt 1 - 1st and 2nd Trades take 1/2 profit at 50 pips each - run with balance to take profit Opt 2 - Run all 3 trades to take profit Take Profit @ 1.7920
Note
Because the 50 sma has fallen so much I have adjusted my 1st buy stop to 1.7760
Note
I have adjusted my 1st bullish buy stop entry again to 1.7737 Pair looks like it may continue it's bearish trend for awhile again. Price broke out day range bottom. Waiting for some candle closes on smaller time frames
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