I sold this on 1.6666 SL 1.6699 mystic numbers :-) comment welcome!!
IMO it is good time to go short for short term
(i) Enter the breakout direction (ii) Use proper stops and enter only after valid breakout (iii) On false breakouts, reverse trade on other direction after confirmation Well, we may get a good trade in GBPAUD.. Happy Trading !
Im in now half from 1.6665 and next half waited pinbar pullback ~1.6630 if it move here SL 1.6580 or 1.6565 I dont know now I will see the PA
GBPAUD has been in a Bear Trend on the 60min for quite a while and it'v moving very structurally. I just got short @ MKT. Stops are above the last swing high and the target is down at a retest of Previous Lows
This pair is currently in a downtrend and respecting the trend line and also ranging from 38% to 51% retracement.. we are looking for the pair to continue its downtrend until it reaches support area of 1.68000 area
FX_IDC:GBPAUD Safe Trades;
A good SR zone around 1.7400, price exhaustion and MACD bearish divergence. Will target around 1.7270 with SL of 1.743
Price is at a place where historically is considered a turning point. added to that we get confluence with the 76.8% Fib level and the 200 EMA that has acted as a major level for this pair in the past.