Perfect GBPAUD Buy Oppostunity After a Bearish Cycle

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Amazing GBPAUD Buy Opportunity Forming

Perfect GBPAUD buy opportunity is forming at the moment. The pair has completed a bearish cycle on the weekly chart and we can now look for long setups. On the Daily chart what I am looking for is the entry near the key level as shown below:

GBPAUD Daily Chart:

Perfect GBPAUD Buy Oppostunity After a Bearish Cycle

 

GBPAUD H1 Chart:

On the H1 chart follow the down trendline ( red) as shown in the image below. Once broken up along with the most recent high, this is step one. Next step is to wait for a double wave correction down, and then draw a trendline which once broken, we can enter long.

GBPAUD Buy Oppostunity After a Bearish Cycle

Stop Loss: Below the last low to be created.

Target 1 : Risk Reward 1:2

Target 2: 1.6260

 

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Perfect GBPAUD Buy Oppostunity After a Bearish Cycle

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Yours,

Vladimir

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