GBPAUD - Potential Bearish Shark
GBPAUD looks poised to complete a bearish shark pattern.
I like the volume action at the lows, which shows signs of big buyers buying in.
Traders can go long from the C-D move (Buy with stops around 1.8860 and target at point D completion)
Or wait for a safer bet after point D is completed.
D completion is around 1.9275 to 1.9285.
SL has to go above XC 1.27, profits targets will be CD 0.5 and 0.886.
This month I have done so many C-D move, it is pretty useful, I coin this move the SAMM (Shark Action Magnet Move)
Hope some of you like my ideas, will keep sharing if you find them useful.
I like the volume action at the lows, which shows signs of big buyers buying in.
Traders can go long from the C-D move (Buy with stops around 1.8860 and target at point D completion)
Or wait for a safer bet after point D is completed.
D completion is around 1.9275 to 1.9285.
SL has to go above XC 1.27, profits targets will be CD 0.5 and 0.886.
This month I have done so many C-D move, it is pretty useful, I coin this move the SAMM (Shark Action Magnet Move)
Hope some of you like my ideas, will keep sharing if you find them useful.