GBPAUD: High probability short position.
Summary
The market made the 3rd touch at the top of the ascending channel. I will wait for it to either break the structure or create a flag in the lower timeframe.
Steps to be taken
The market made the 3rd touch at the top of the ascending channel. I will wait for it to either break the structure or create a flag in the lower timeframe.
Steps to be taken
- Wait for a clear flag.
- View the lower timeframe before executing the trade.
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