samtops
Short

THE BEARS ARE BACK IN TOWN!

FX:GBPAUD   British Pound / Australian Dollar
This pair has broken ascending trend line , forming new lows at the same time, signalling the end of the bull trend. The bears are are beginning to take control.As a new low has formed , its highly likely that we are going to see at pullback before we carry on down. I look to enter at the retest of trend line or an exhaustion of this pullback giving me a target of the Monthly support at 1.8000 . This is a long term trade providing us with an opportunity of over 500 pips.
Trade active
Trade closed: target reached

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