GBPAUD Daily Sell - fake out rejection, bearish trend coming soo

GBPAUD recently experienced a fake out on the 4hr chart, which rejected back to the consolidation zone. However, the current trendline is on the verge of being broken, and once that happens, a bearish trend is likely to ensue, and we can take advantage of sells. It is important to keep an eye on the price action today or next week, as a break of the trendline could confirm the bearish trend.

Trade active:

Trade closed: target reached:

+5% :)

Trade active:

Reentered with a small lot. Since there is a lack of consolidation, trade at your own risk.

Trade closed: stop reached:

Stop Loss hit, -0.5%