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PHL

GBPAUD short structure play at weekly resistance / 200 weekly MA

Short
British Pound / Australian Dollar (FX:GBPAUD)  
PHL  
FX:GBPAUD   British Pound / Australian Dollar
Support and Resistance GBPAUD gbpaudshort shortgbpaud longaud buyaud sellgbp reversal
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supportandresistance gbpaud gbpaudshort shortgbpaud longaud buyaud sellgbp reversal
Price is sitting right at weekly resistance (1.8260s) right now. Price travelled up to the 200WMA (1.8376) and seems to have found resistance there for now.
I am looking for a bearish candle stick set-up on the daily chart and waiting for it to break down. Nothing setting up yet but stalking it. For profits I will look to exit the trade at the weekly 20 WEMA (mean reversion trade).
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