GBPAUD SHORT M15 Currency Strength setup

GBPAUD SHORT M15 Currency Strength setup

18 November 2016, 14:43
Bernhard Schweigert
1
170

GBPAUD M15 setup with Currency Strength

(If you read first time about Impulse please check tradingsystem here and here)

GBPAUD 85 PIPS

  • since some bars GBP currency strenth line was dropping
  • Price action topped out with consolidation and bearish divergence and a small fake break out.
  • Entry when AUD currency strenth line took up to build the double-GAP with GBP.
  • Impulse confirmed GBP weakness.
SL above last high

TP at last low.

In the following CS crossed very strong, could have taken the double pips.

CHART GBPAUD m15

currency_strength_divergence

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