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TheRavensForex

GBPAUD Daily Sell - 4hr pinbar, multiple rejections

Short
British Pound / Australian Dollar (FX:GBPAUD)  
TheRavensForex Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Wave Analysis
3
0
trendanalysis chartpattern waveanalysis
GBPAUD is currently at a major resistance zone. Today, it has pulled up and then retreated back to the selling zone within a 4hr timeframe, which formed a nice 4hr pinbar. This indicates that a short-term selling phenomenon has been confirmed. Therefore, we could consider taking a daily sell with the previous support level as the target.
Trade closed manually:
Closed at the breakeven +0%
snapshot
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Ideas break out:
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