GBPAUD trend-continuation setup
GBPAUD is putting in lower lows and lower highs on the 1H timefram. I will wait for a lower low, lower Close candle to short this pair. Target 1 will ba at a retest of the previous low and target 2 will be a 1.27 extension. Stop is set at a 1ATR above the previous high.
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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.