GBPAUD 240 short opportunity-near the top of the channel
Nearing the top of the 1W 85% regression channel. Possible break in the RSI trendline, now looking for break on the PA trendlines. Here is the 1W chart so you can see the whole channel.
Trade active
Great RSI break but no PA break yet. Got to go to bed - so stop order set to current 20 EMA which will be well below the PA trendline.Trade closed manually
Manual exit – PA zooming up, chickened out. Made 158 pips in 21 days. PA previously got to 90% of TP, and broke bottom of the 87% channel.
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