GBPAUD 240 possible Long entry into tentative UT
Assuming:
PA breaks and closes above HH retest @1.84232
PA respects rising trendline.
RSI respects rising trendline.
Then:
Long trade – entry 8 pips recent high (and 9 pips above SR double touch 23 May and 24 May). I plan to make the trade real time, not with a stop since the market is closed and we all have gotten screwed by that before.
SL 4 pips below recent HH.
TP 3 pips below SR (LL w/ double touch 8 May and 9 May).
PA breaks and closes above HH retest @1.84232
PA respects rising trendline.
RSI respects rising trendline.
Then:
Long trade – entry 8 pips recent high (and 9 pips above SR double touch 23 May and 24 May). I plan to make the trade real time, not with a stop since the market is closed and we all have gotten screwed by that before.
SL 4 pips below recent HH.
TP 3 pips below SR (LL w/ double touch 8 May and 9 May).
Catatan
Looks more like it formed a LH at 1.84232, the reversed to form a LL. Never met the assumptions. On to the next analysis.
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