Ambitious Setup for next week's GBPAUD
I wanna share this ambitious idea with the community, so I will try to explain in short terms what my reasons for this setup are.
1) We have a very nice harmonic setup forming up so our trade idea will only be valid and executed if the pattern is completed.
2) Long term trendline coming up
3) 61.80% of the bullish leg is a possible rejection level for the correction to stall and continue with another impulse
4) UK-EU talks to extend over the next month, but both sides are preparing for a No Deal Brexit which would invalidate our bullish bias if happens.
5) Your gut... c'mon, it's always that feeling that you have found a good idea ;)
Thanks for your time! Hope you liked my idea!
1) We have a very nice harmonic setup forming up so our trade idea will only be valid and executed if the pattern is completed.
2) Long term trendline coming up
3) 61.80% of the bullish leg is a possible rejection level for the correction to stall and continue with another impulse
4) UK-EU talks to extend over the next month, but both sides are preparing for a No Deal Brexit which would invalidate our bullish bias if happens.
5) Your gut... c'mon, it's always that feeling that you have found a good idea ;)
Thanks for your time! Hope you liked my idea!
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4H Chart
