GBPAUD retraced to its 0.618 fib from the rise in the past 2 days. 1.822 - 1.8244 zone historically provided strong support, so it should correct today's waterfall if previous 2 green candles on daily chart can be respected.
Note: this is a risky setup, RSI on all time frames are still having rooms to let the price go down further.
Entry: 1.82478
TP: Fib based, aiming 50% recovery around 1.832
SL: below 1.82388
Expected pips: 20 - 70 pips
Expected timeline: max 1 day
Note: I'm now exchange ideas with the LCMS traders club. Welcome to join in together and discuss about ideas published here.
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Disclaimer:
Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
Note: this is a risky setup, RSI on all time frames are still having rooms to let the price go down further.
Entry: 1.82478
TP: Fib based, aiming 50% recovery around 1.832
SL: below 1.82388
Expected pips: 20 - 70 pips
Expected timeline: max 1 day
Note: I'm now exchange ideas with the LCMS traders club. Welcome to join in together and discuss about ideas published here.
---
Disclaimer:
Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.