Trading Idea: Short GBP/AUD
Reason: Bearish short-term trend; broken current support; approaching strong support. Setup valid if it doesn't trade below the last weekly low.
RR -> 1:1.7, SL -> above 0.78 Fib, TP -> current support
Expecting a sharp retracement. Will update as the trade develops.
Reason: Bearish short-term trend; broken current support; approaching strong support. Setup valid if it doesn't trade below the last weekly low.
RR -> 1:1.7, SL -> above 0.78 Fib, TP -> current support
Expecting a sharp retracement. Will update as the trade develops.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.