GBPAUD: Going By What I See

FX:GBPAUD   Britisches Pfund / Australischer Dollar
131 6
Bottom of channel; volume down on fall; piercing candle....
stop below bullish candle
target 200 to 400 pips away
Trade geschlossen: Ziel wurde erreicht: target#1 hit: about 300 pips.

Second target is about 90 pips away. I am out though....
Trade geschlossen: Ziel wurde erreicht: take profit and RUN!!!
maybe I am wrong but I think your trendline is a bit too low, what you see as a break out / BUY opp I see it as a double top heading down with TP 1.66-1.64
fxfxfx fxfxfx
this imaginary lines we like to follow are tricky :P
The lines I draw are from other type of charts; Renko, 3-line breaks. The lines themselves don't matter to me, but it is the reaction to them that matter. So far..they do serve us well, I must say. :)
fxfxfx Rocketman
you were right! I broke even with my GBPUSD positions and faced some losses with GBPAUD :(
Yes, I was short GBPAUD. I took profit, and now I am long. I also hope that I am wrong because at the same time, I am short GBPUSD. :) I am long GBPAUD just in case things go wrong. Which ever one gets stopped out, I will be right in either direction.
fxfxfx Rocketman
I am also shorting GBPUSD, and looking for a good re-entry in GBPAUD that so far is going in your direction
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