Just bought GBP/AUD. Looking for 2 possible targets.
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Reaching the first problematic area. Moving stops to zero.
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Adjusting stops to 1.8562
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Update on this a little bit later. Stopped on this with adjusted stop loss.
The major mistake for me was that the H4 trend looked exhausted and I should have been more conservative with the targets. Even though I didn't close it 1R was attained.
let say we would aim for the previous higher high 1.8688 would you look for a V formation to confirm upside or right now setup is invalid therefore we should only look for sell going forward thank again
ddreamz
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@MProspere Francois, the setup I posted last week is no longer valid. However, there's GBP strength from today and looks like H4 chart is in buyers territory again. There might be a possible buy tomorrow but this is away from ready for the time being.