GBPAUD DAILY LONG TRADE SETUP - UPDATE 1
The long trade setup was first identified on November25 and hit its entry price level 3 day's later on November 28.
In my formal trading training I was taught that if price doesn't start to trend right away I should consider abandoning
the trade setup as the setup may not work and may start moving in the opposite direction.
Notice that over the last 4 daily candles price has been respecting the 10 day EMA confirming the upward trend is intact.
Summary: Price has now broken out, hit my entry price and is now starting to move upward towards my price target.
In my formal trading training I was taught that if price doesn't start to trend right away I should consider abandoning
the trade setup as the setup may not work and may start moving in the opposite direction.
Notice that over the last 4 daily candles price has been respecting the 10 day EMA confirming the upward trend is intact.
Summary: Price has now broken out, hit my entry price and is now starting to move upward towards my price target.