myntborg

GBPAUD trend-continuation setup

Short
FOREXCOM:GBPAUD   British Pound / Australian Dollar
GBPAUD is putting in lower lows and lower highs on the 1H timefram. I will wait for a lower low, lower Close candle to short this pair. Target 1 will ba at a retest of the previous low and target 2 will be a 1.27 extension. Stop is set at a 1ATR above the previous high.
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