We can see a head and shoulders setting up on GBPAUD. We had a false break at 1.832 confirming short entries for this pair.
If you missed the initial entry don’t worry and wait for this set up.
So how do we take the trade?
Wait for price to retrace back to 1.832 then you will enter this trade for a short. This is when 4 hr time-frame will enter into strong sell momentum and 1hr will be completely bearish
Entry line is given, stop loss is given as well as take profit. This is almost a 3.5R trade or a 6.7R trade depending on where the market will stop.
Please let me know your comments.
Thumbs up if you like this idea
I will give an update once I enter the trade somewhere this week.
Thank you and good luck
If you missed the initial entry don’t worry and wait for this set up.
So how do we take the trade?
Wait for price to retrace back to 1.832 then you will enter this trade for a short. This is when 4 hr time-frame will enter into strong sell momentum and 1hr will be completely bearish
Entry line is given, stop loss is given as well as take profit. This is almost a 3.5R trade or a 6.7R trade depending on where the market will stop.
Please let me know your comments.
Thumbs up if you like this idea
I will give an update once I enter the trade somewhere this week.
Thank you and good luck
Trade closed: target reached