GBPAUD – New Long Signal

A few days back I tried to go long in the GBPAUD but the market retraced a little and stopped me out. I really like this cross because of its LT market condition, it is trading in a very clear bullish market condition, the GBPAUD is likely to continue its way up until it reaches the nest LT resistance level which is at 1.6346:

So here I am again, trying to go long. The market already retraced to the place where we have upward pressure and it was rejected again. That’s always a good sign!

Here are the details of my trade:

Entry: 1.6110
SL: 1.6058
TP: 1.6317

Trade Safe!

Raul Lopez
Forex Training

GBPAUD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .