MeetMattL1

GBPAUD / DAILY / OUTLOOK

MeetMattL1 Updated   
FX:GBPAUD   British Pound / Australian Dollar
We're currently retesting our major head and shoulders neckline. A clean rejection of this area will provide a very good trading opportunity.
Comment:
Trade is still not active. Waiting for a strong bear candle.
Trade active:
We have entered shorts based off the 4h close. We are still above the neckline for the HS though. The safer entry would be to wait for the next 4h close.
Comment:
AUD unemployment was lower than expected. Let's push!
Comment:
Roughly 150 pips in profit.
Trade closed manually:
Closed at BE.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.