GBPAUD Wait for a consolidation to trade short breakout
Day chart: Yesterday's big red candle indicates short bias on this pair. Price may keep going down to test 1.6800 support.
4 Hour chart: Wait for a consolidation to see if there is a reasonable stop loss when price breaks yesterday's low.
4 Hour chart: Wait for a consolidation to see if there is a reasonable stop loss when price breaks yesterday's low.
Note
No trades activated. R:R ratio is not satisfied.
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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.
Related publications
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.