Triple Top on GBPAUDLooking at the 4h Chart of the GBP versus Australian Dollar we clearly see a triple top. Price is always testing the 1.84714 zone. This gives us a nice indicator for a trend change on this chart. Looking for a short in this scenario we also see that the RSI is showing price weakness. Our take profit is at 1.61780.
Aud-trading
EUR/AUD 4H MA STRATEGY SHORT POSITIONPrice tested MA40 as resistance
Entering without Conformation Bearish candle position on close (21:30 GMT)
Holding position over week, T.May hard times ahead but positive outlook on UK leaving EU, and D.Trump becoming president with issues laying on global crisis rather then economic issue
ENTRY: 1.41565
SL: 1.41815
TP: None set as of yet