Hi traders:
We start out the week with a nice short trade on GBPAUD. We can see the 1 hr chart formed a rising wedge them broke down, now I am looking for a pullback to form a lower high to confirm bearish momentum. Good to take it down to 1.67 area, the next major support zone.
Thank you for your support and feedback.
We start out the week with a nice short trade on GBPAUD. We can see the 1 hr chart formed a rising wedge them broke down, now I am looking for a pullback to form a lower high to confirm bearish momentum. Good to take it down to 1.67 area, the next major support zone.
Thank you for your support and feedback.
Note
Here is the daily chart:Trade closed: target reached
First TP hit, 2% profitTrade closed: target reached
Second TP hit 
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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.