Adding 1/3 to my current long position now that prices have dropped overnight:
Added to long position at 1.8646
Stop at 1.8460
Profit target at 1.9300
The daily charts fired off a buy signal on my proprietary indicators which is line with a Minor 4th wave rally in the GBPAUD. There has also been long standing bullish divergence on momentum indicators since late February, like in the RSI as shown. This is a large trade so I'm only taking a 1/3 position of my normal position size:
Long now at 1.8747
Stop at 1.8460
Profit target at 1.9300
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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.
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