GBPAUD short on break of correction
Updated
GBPAUD is in an upward correction, if it breaks the correction take this short setup.
Be aware of the down trend resistance line and make sure there's some room to move against your short position.
1.67 is a key support zone (around S3 weekly pivot), check price action around this price level!
Be aware of the down trend resistance line and make sure there's some room to move against your short position.
1.67 is a key support zone (around S3 weekly pivot), check price action around this price level!
Note
It either breaks here, or we get another up move that will complete a W pattern and then break downwardsTrade active
Note
Broke fast on Tuesday, correction up will follow likely the rest of this weekNote
Note
Weekly candle so far indicates there's still enough selling pressure. HoldingNote
Hold, still moving downNote
R1 (around 1.62) is a major level of support. watch what happens hereNote
At key support now 1.625 1.62
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