alphatrader
Short

break down/ pull back after two inside bar days on daily

FX:GBPAUD   British Pound / Australian Dollar
210 0 2
1. daily chart has two previous inside day bars

2. trend is down/ price at 50% fib level on this last larger move down which included the break down

3. price broke down then retraced back up found resistance

4. lets see if price will rotate back over and head down, will initiate trade to the short side should this last 30 min
indecision candle have price trade below the 1.77999 risk will be small and the gains could be large

25/ 30 pip stop for 100 plus gains 1:4
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