Below is the chart setup for GBPAUD trade for the Forex market. It is a low risk pull back trade on the 30m time frame. It is a multi-time frame signal we received.
The entry is 1.5164 with an initial stop of 1.5174. This is a 10 pips risk. The min. reward we will calculate to our T1 target which is 1.5143. The min. potential reward will be 21 pips. This is a 200+% profit. We will take some positions off at T1 price target. At T2, we will go into PRESERVE mode where we will tighten our stop. If price gets to T2, we will get a potential reward of over 52 pips i.e. 500%+ profit.
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