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AUDGBP trade ideas

Short On GBPAUD Sell Entry On GBPAUD As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)" "Below All Conditions Are Meet To Take Sell Entry On GBPAUD" (1) Entry Price - 1.75244 (2) Stop Loss - 1.75894 (3) Take Profit - 1.73359 TIMEFRAME - 1 HOUR Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where , "C" Stand For - CONDITION (1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level). (2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level). (3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area. (4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area. (5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form. "E" Stand For - ENTRY (1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow. (2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow. "S" stand For - STOP LOSS (1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread). (2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread). "T" Stand For - TAKE PROFIT Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% . Risk - Reward Ratio - 1:3 "B" Stand For - BREAK-EVEN (1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even. (2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even. NOTE - Consistency & Discipline Is A Key Element Of Success.
Short
by Roh_Gupta94
Long On GBPAUD Buy Entry On GBPAUD. As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Are Trading Strategy Rule.)" "Below All Conditions Are Meet To Take Long Entry On GBPAUD" (1) Entry Price - 1.73036 (2) Stop Loss - 1.72416 (3) Take Profit - 1.74834 TIMEFRAME - 1 HOUR Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where , "C" Stand For - CONDITION (1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level). (2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level). (3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area. (4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area. (5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Formed. "E" Stand For - ENTRY (1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow. (2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow. "S" stand For - STOP LOSS (1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread). (2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread). "T" Stand For - TAKE PROFIT Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% . Risk - Reward Ratio - 1:3 "B" Stand For - BREAK-EVEN (1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even. (2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even. NOTE - Consistency & Discipline Is A Key Element Of Success.
Long
by UnknownUnicorn33512521
1
GBPAUDThe GBPAUD pair has formed a descending channel pattern on the hourly chart indicating that the pair is in a strong bearish trend. The pair recently broke out of the channel to the upside and retraced back to the 50% Fibonacci level of the channel. This suggests that the pair is likely to move higher in the coming days. As such, we suggest going long on the pair with a stop loss below the 50% Fibonacci retracement level and a take profit target at the upper channel resistance.
Long
by RoxCapitals