GBPAUD has been trading in a range for the month of July. At the moment, we feel that there might be a Bullish breakout if the pair can breach the current resistance level. Let’s take a look at the H4 Chart for GBPAUD.
This is another trade idea generated by the Elite Swing Trader.
We can target a modest 130 pips for this trade and we want to have our orders ready in case the Bull make an attempt to charge north. Below is the summary of our approach for this trade idea.
- Buy Stop Order: 1.80446
- Stop Loss: 1.78962
- Take Profit: 1.81740
Trading with the Bull using a Buy Stop order help us get into position only when the Bull decide to charge and break certain resistance level. And we don’t have to be watching the market all the time.
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The Elite Swing Trader Trading Dashboard
With the Indicator, you can now have multiple charts open and wait for the Elite Swing Trader will highlight potential trades to your attention. Of course, without saying, you do not trade every signals. Instead, this is a massive time saver. You decide on the trades to take.
This is a time tested Ever Green Swing trading system. Learn more here…
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