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CromerKing
Jan 12, 2024 3:46 PM

GBPAUD Longer Term Short - Already involved  Short

British Pound/Australian DollarFXCM

Description

Here's another longer term idea on this pair and I'm already involved. Aussie losing strength over a long period of time and has tried already 3 times to break out of a range and failed every time, we can short now and hold on until we see a 50% retracement from the previous bullish leg as demonstrated.

Trade active

For those who wanted a better entry price is now bang in the dynamic trend lines I mentioned in the idea. Even for a swing trade the RR is great.
Comments
TheFxAce
Hey, your bearish outlook has caught my attention. Your deep-dive analysis is impressive.
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