Intra day Short trade after 4 hr candle close below 10 ema
Risk off is in play, but yet we are seeing GBP/AUD struggling to pierce through 1.94500, if price continues to stall here then a meaningful pullback might happen in search of greater buy pressure . However it's prudent to wait for London session and see how pound plays out after the wage data is released. A 4 hr candle close above 1.94800 would invalidate the idea
Note
We don't have closing below 10 ema yet, so i would watch out for daily closing today, to understand momentum , for now its just scalping on this pairNote
Australian employment data would give us the next moveNote
Got stopped out with trailing stop, can take another short probably at top of the corrective channel
Related publications
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.
Related publications
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.