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Hey traders, hope you’re crushing it this week! 🚀

Just spotted a clean ABC Bullish setup on the GBP/AUD 1-Hour chart. Here’s the breakdown:

🧠 Pattern Breakdown

A→B (Impulse Up): 2.06881 → 2.09709

B→C (Retrace Down): 2.09709 → 2.07410

Point C landed right on our rising A→C trendline and just under the 78.6% Fib of A→B (~2.07486)—double confluence!

✅ Why This Works

ABC Structure: Clear impulse then corrective leg into support

Trendline Support: A→C line guiding our C pivot

Fib Confluence: C sits in the 23.6%–78.6% zone of A→B (2.07827–2.07486)

⚔️ Trade Plan

Entry: Long after an hourly close above 2.07827 (23.6% level), ideally within 2.07827–2.07410 (PCZ)

Stop-Loss: Just below point C at 2.07410 (e.g. 2.07380)

Size: Keep risk sensible—1–2% of your account

🎯 Profit Targets

T1: 50% retrace of B→C → 2.08799 (take partial)

T2: 61.8% retrace → 2.09001

T3: 78.6% retrace → 2.09633–2.10238

🔍 Confirmation & Invalidation

Confirm: Look for a bullish pin-bar or engulfing candle closing above 2.07827 before entering

Invalidate: If price dips below 2.07410 (point C), scrap the idea—this setup needs that level to hold

💡 Keep It Simple:
ABC → PCZ → 23.6% close → Trigger → Ride.
Let the chart guide you, not your emotions, and watch for any GBP/AUD news for extra context.

Here’s to tight stops, smart entries, and smooth profits! ✌️











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