GBPAUD - THE SETUPS WE LOOK FOR - SHORT
Great opportunity to take advantage of a lot of things
that I look for when entering a trade:
1. Downtrend with consolidation, turning into an uptrend.
2. Pullback hitting key fibs and doing what it's supposed to do.
3. RSI going from oversold area to overbought area.
4. Small body candles showing reversal all over the place!
5. Price moves all the way back to recent resistance area from back in January (1.9100's area)
Great Risk to Reward Ratio Here.
that I look for when entering a trade:
1. Downtrend with consolidation, turning into an uptrend.
2. Pullback hitting key fibs and doing what it's supposed to do.
3. RSI going from oversold area to overbought area.
4. Small body candles showing reversal all over the place!
5. Price moves all the way back to recent resistance area from back in January (1.9100's area)
Great Risk to Reward Ratio Here.
