Randy BalcomTrades

There is a upcoming trade in the GBPAUD pair, and here is the methodology:

The weekly chart is showing strength with a slight pullback. Price is also in a Dynamic Zone to the upside.

On the daily chart we have a trade to the upside that has already triggered. However price is pulling back and looks to be finding support at a dynamic level.

The trade would be to place a stop order 10 pips above current price with a stop below the 2nd zone at 1.7185 and a target of 1.7940.

Obviously, this is a large trade so watch your position size!

Forex Risk Disclosure

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