GBPAUD Possible Short Position
Updated
I see a possible short position from GBPAUD from either 2 price points as seen on graph.
I will be waiting to see if price will break through 0.5 Fib retracement, if not I will wait for a short signal and ride down to take profit
If not will probably wait to see if the orange trend line will hold. I see a convergence on RSI so possible loss of sell momentum?
I will be waiting to see if price will break through 0.5 Fib retracement, if not I will wait for a short signal and ride down to take profit
If not will probably wait to see if the orange trend line will hold. I see a convergence on RSI so possible loss of sell momentum?
Trade closed: target reached
We hit TP. Price dropped before even eaching the points
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.