GBP/AUD Trade Entering on Hourly Push-Pull

People who signed up to receive my templates will know that I predicted a push-pull level on the GBP/AUD pair which was hit earlier today.  However it was hit with such force that price rebounded directly off it with no hourly levels to enter the trade.  A low risk way to enter these parabolic hourly reversal moves is to use an hourly push-pull. This push-pull level lined up with a 5 minute channel which provided an obvious place to place a stop loss.

 

nb It was Spyderman who spotted this push-pull setup I had forgotten until I scrolled further down the blog.  Kudos Spyderman

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