GBPAUD Correction and impulsive sell.
Hi traders,
This is my view of GBPAUD, i see an clear SHS pattern, price broke neckline and its now at a support zone and touching the EMA 200.
What im planning to do is to enter now long position for the pullback to the neckline (why? 100 pips potential for a tight stop), when the price will reach the neckline of our SHS pattern where is also the 38 fib level where the price ALWAYS find a resistance im going balls deep SELL.
Conclusion: Buy pullback then SELL.
This is my view of GBPAUD, i see an clear SHS pattern, price broke neckline and its now at a support zone and touching the EMA 200.
What im planning to do is to enter now long position for the pullback to the neckline (why? 100 pips potential for a tight stop), when the price will reach the neckline of our SHS pattern where is also the 38 fib level where the price ALWAYS find a resistance im going balls deep SELL.
Conclusion: Buy pullback then SELL.
Trade closed: target reached:
100% accurate, pullback done!
Now im waiting for candle to close for MASSIVE SELL.
Now im waiting for candle to close for MASSIVE SELL.
Order cancelled:
Shorts invalidated