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amanpaulbhogal

A short entry on GBP/AUD

Short
British Pound / Australian Dollar (FX:GBPAUD)  
amanpaulbhogal  
FX:GBPAUD   British Pound / Australian Dollar
hightest_bar Support and Resistance Trend Lines 50-ema-resistance 50%-retracement stochastic-bearish-hidden-divergence Hidden Bearish RSI Divergence
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hightest_bar supportandresistance trendline 50-ema-resistance 50%-retracement stochastic-bearish-hidden-divergence hiddenbearishrsidivergence
Short set up/entry reasoned from:

- high test bar close
- resistance at ~2.1470
- trend line resistance (4th test)
- rejection around 50 ema
- 50% retracement and close below
- oscillator bearish hidden divergence

entry - below low of high test bar
stop loss - above high of high test bar
target - at previous low or lower (after break of and close below previous low)
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