OANDA:GBPAUD   British Pound / Australian Dollar
BREAK AND RETEST
PLAN:
1.WAIT for a 4hr close below a support zone .
2.WAIT for retest back into or close enough to the zone .
3.Wait for some sort of rejection on the 30min or hourly.
4. Wait for price confirmation
5. Sell
The trend is your friend, it makes no sense to trade against it. my analysis is done according to momentum.

stops should be adjusted based on how and where the 4hr candle closes. so risk might increase or decrease.
Trade closed: target reached: you can see price dropped 130+pips after rejecting that resistance zone. price retested that zone to the left which was broken and thats why it dropped so hard.

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