On this occasion, I tried to express my idea to analyze GBPAUD. By using the trend line and the law of demand and supply, we get that the direction of trade in GBPAUD has the potential to decline. However, if we want to take transactions when the decline is, we only have a small profit range, but the risk is very large. So, I prefer to place price orders, in the area of demand below it. Where is this demand area we get at the price of 1,86265. With a profit and risk ratio of 1: 2. Don't forget to put your risk limit according to the level that I provide, or you can put your risk level according to your wishes.
Thank you for the attention and time you gave to read my idea.
Best Regards,
Don_Hawkish
Thank you for the attention and time you gave to read my idea.
Best Regards,
Don_Hawkish