Waking up to Thursday morning ECB day with a great short setup in British Pound versus Australian dollar . What we have is a being touched at the same time as the pair meets a to the upside around the psychological price point of 1.79. Compounding the trade is that as this is occuring the pair is reaching overbought levels on indicator and which is crossing over pointing to a move to the downside. Given then clear we have highlighted on our trading view chart we can see upside on this short of up to 250 pips into the high 1.76 area.
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from the Team at forexTrdr