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jamesmallon1

GBP/AUD Short 4h - Channels

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
jamesmallon1 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Support and Resistance Trend Lines
1
0
supportandresistance trendline
Simple analysis of a bearish reversal.

Appears to be a channel in GBP/AUD. Momentum also appears to be declining along with volume.

Green line -> T/P
Orange Line -> S/L
Trade active:
RSI was also showing as overbought.
Comment:
Moved stop loss, so still in and glad I did!
Comment:
Doubled down on my current losses, v confident this in fact a bearish reversal. Hodling to the floor.
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