GBPAUD Short idea
Diupdate
GA has rejected the 4H TL resistance last week and is trading under support (highlighted in red).
On the 1H chart, price has broken an upward TL.
My idea:
A short from previous level of structure (1.81188) is possible. I'd consider this a break and retest entry.
Entry criteria:
Sell limit will be placed at 1.81188 with a 35 pip stop and a 120 pip TP.
Projected RR:
1:3.43
On the 1H chart, price has broken an upward TL.
My idea:
A short from previous level of structure (1.81188) is possible. I'd consider this a break and retest entry.
Entry criteria:
Sell limit will be placed at 1.81188 with a 35 pip stop and a 120 pip TP.
Projected RR:
1:3.43
Komentar
GBPAUD has met our target zone.Unfortunately, the trade went without us.
Glad to see the analysis played out.
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