hey all.
im going to be looking to go short on GBPAUD.
reasons being:
-It seems the daily retracement has potentially been completed
-Confluence of a beautiful head and shoulders pattern on th 4H timeframe
-Sitting at the Daily retest zone around 1.7650
A more conservative entry would be wait for a break and retest of the neckline for a continuation trade.
im going to be looking to go short on GBPAUD.
reasons being:
-It seems the daily retracement has potentially been completed
-Confluence of a beautiful head and shoulders pattern on th 4H timeframe
-Sitting at the Daily retest zone around 1.7650
A more conservative entry would be wait for a break and retest of the neckline for a continuation trade.