Charlieab94

GBPAUD - SWING TRADE *Short entry*

Short
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD has rejected the 1.87 key resistance zone multiple times on the 4hr and daily timeframe . I am now looking to enter a simple short entry for a swing trade down to 1.72500.

There is a 4hr trendline that is in the way first so when price approaches this I will move my stop loss to breakeven to remove exposure. If that trendline breaks then I will assume the trend has reversed and will add short positions on the 4hr lower highs.
Trade active
Trade closed: stop reached
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

Comments

I wanted a better entry on this than simply entering at the daily candle closure yesterday. I entered short on the pivot bounce this morning with an executed price of 1.86230
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