Cenotaph

GBPAUD short on break of correction

Short
Cenotaph Updated   
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD is in an upward correction, if it breaks the correction take this short setup.

Be aware of the down trend resistance line and make sure there's some room to move against your short position.

1.67 is a key support zone (around S3 weekly pivot), check price action around this price level!
Comment:
It either breaks here, or we get another up move that will complete a W pattern and then break downwards
Trade active
Comment:
Broke fast on Tuesday, correction up will follow likely the rest of this week
Comment:
Comment:
Weekly candle so far indicates there's still enough selling pressure. Holding
Comment:
Hold, still moving down
Comment:
R1 (around 1.62) is a major level of support. watch what happens here
Comment:
At key support now 1.625 1.62
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