Malika_Analysis

POTENTIAL BEARISH MOVE ON GPBAUD

Short
FX:GBPAUD   British Pound / Australian Dollar
Price is showing increasing pressure from the bears and has the potential to retrace the marked grey line which is 50% fib level of the bearish impulsive move. From there, i can potentially see the bearish move continuing and completing 100% of the retracement at the green level which is the marked take profit. I will also be looking out for bearish divergence.

Risk exposure on the trade : 1%
Risk to Reward ratio- 1:2
Psychology intake before trade - No trade is guaranteed, so trust your analysis and manage your risk. Do not trade with winning exceptions and accept the fact that the trade may hit your stop loss. Level up and move to the next trade.
Trade closed: target reached

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