GBP/AUD 4H SHORT SETUP
GBPAUD: SHORT SETUP
- Waiting for MA40 to cross below MA120 for short/sell positions.
- MA40 to test as resistance below MA120
Rules: Long
1. MA40 below MA60
2. MA40 below MA120
3. Price must cross MA40 and MA120 from above
4. Test MA40 for resistance
5. Create bearish 4H candle after test of support
Entry: Enter Short on close of Bearish candle
SL: Set above bearish 4H candle
- Waiting for MA40 to cross below MA120 for short/sell positions.
- MA40 to test as resistance below MA120
Rules: Long
1. MA40 below MA60
2. MA40 below MA120
3. Price must cross MA40 and MA120 from above
4. Test MA40 for resistance
5. Create bearish 4H candle after test of support
Entry: Enter Short on close of Bearish candle
SL: Set above bearish 4H candle
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