LeeThompson97

GBP/AUD Short - Clear Regular Divergence

Short
FX_IDC:GBPAUD   British Pound / Australian Dollar
Price has reached the top of a bullish channel where regular divergence is clear. Last time we had regular divergence at the top of the channel price fell to the bottom of the channel (as shown). I expect price to do the same thing here. Stops should be placed above the channel in case of a breakout and targets should be placed at previous resistance or the bottom of the channel.

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