sell the retest of a broken level
Updated
hey guys,
pound australian continues its movement inside a rising parallel channel
reaching 1.87 level we see a pullback,
I anticipate further bearish continuation and at least test of the channel support line around 1.835
with a potential bearish violation of a channel.
however, we need a good entry.
I suggest you wait and sell the retest of a broken support 1.853
your initial target will be based on the channel support line and structure looking left.
it is possible that then the market will continue lower,
so for the second target I would be focused on 1.80 level!
good luck!
Trade active
Trade closed: stop reached
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