GBPAUD Possible Short Trade
Updated
Hello traders.
There is a chance for X and Z waves but these are optionals. That's why I like to take a short trade and put an entry order.
There is a chance for X and Z waves but these are optionals. That's why I like to take a short trade and put an entry order.
Note
You can find detailed video analysis in Twitter. The link is in profile page.Note
First trade stopped out with break even. It looks like Z wave is in the making. I put an entry order to 1.79500 and stoploss 1.80100 Note
After last down move, structure changed, but bigger picture is still same. My entry order still at 0.886 retracement and 1.118 extension level. Trade active
Up move is very fast and it has a very big momentum for more upside. If you get a chance, take off the half of your trade. As I explained in video analysis I did the exact same thing when it was breakeven.Trade closed: stop reached
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