spesfinancial

GBPAUD Wait for a consolidation to trade short breakout

Short
FX:GBPAUD   British Pound / Australian Dollar
Day chart: Yesterday's big red candle indicates short bias on this pair. Price may keep going down to test 1.6800 support.

4 Hour chart: Wait for a consolidation to see if there is a reasonable stop loss when price breaks yesterday's low.
Comment: No trades activated. R:R ratio is not satisfied.

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