GBPAUD H4 LONGS

10 Jan 2021

GbpAud has completed its downtrend. Price broke the December 13 low @ 1.74254 and made a new low on 7 Jan @ 1.74126 which now acts as new support. Price has since been getting rejected from the lows and momentum moving price upwards. Price broke key resistance @ 1.75000 and pull backed testing this restance turned support. Market closed with a bullish candle forming in H1 coming from a reversal. H4 candle closed above 1.74900 which will lead to price trading above 1.75000.

buy @ 1.74860 - 1.75000
buy stop 1 @ 1.75020
buy stop 2 @ 1.75180
buy stop 3 @ 1.75632
buy stop 4 @ 1.75900

SL @ 1.74600

Tp1 @ 1.75780
Tp2 @ 1.76340
Tp3 @ 1.77271
Tp4 @ 1.77891