Hello,
Just entered this short on GBP/AUD.
Reasons:
- Bigger timef frame resistance
- The price got rejected few times in the same area and there is no HH , HL sequence.
- The current move is really struggling to go up.
- Buyers' momentum looks like it is slowing down.
First target around the blue dotted line. Good area to book some profit and move stops to zero.
Main target - recent support from the daily which is around - 1.7680
Good luck :)
Just entered this short on GBP/AUD.
Reasons:
- Bigger timef frame resistance
- The price got rejected few times in the same area and there is no HH , HL sequence.
- The current move is really struggling to go up.
- Buyers' momentum looks like it is slowing down.
First target around the blue dotted line. Good area to book some profit and move stops to zero.
Main target - recent support from the daily which is around - 1.7680
Good luck :)
Note
Just reached TP1.Reaction from the current level is likely. Booking some profit and moving stops to zero.
Note
Added a small position
Note
Stopped on this scalp. Waiting a deeper pullback.
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.
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.