Short GBP/AUD by Rackala

GBP/AUD:63: : H4


Long or Short: Short
Entry Point: 1.72100
Stop Loss: 1.72800
Profit Target: TP1 1.7110
Profit Target: TP2 1.69767

Trading concept: H & Shoulder formation in the chart Simple!!!

Target is also somewhere in Red zone in provided chart’s CCI 49.:45:

Hmmmmmmmmm… what should be a fundamental point for the pair to go really short…

I couldn’t find because…:stuck_out_tongue:


GBP/AUD : H4

Trade order triggered at given entry point in above post:51:


I would say that at this point we could try the short GbpAud. The outside bar is signaling a top…possible fall to 1.69.


Sorry:17: we looooooooooosed it…


Question! What are the values for your Bollinger Bands? And also, do you just treat them as support and resistance levels?

I used Standard values in Bolinger Bands!! Yap, and use SR levels extensively;)