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Heelfan23
May 16, 2016 4:18 AM

Possible pullback area Short

British Pound/Australian DollarFXCM

Description

Although I am very bullish on this pair, I believe we are do for a pullback soon, if it hasn't already started. We hit some support, 50% fib, and a pretty strong trend line. I am looking for a short setup at this point for a nice pullback, then a long setup to follow. Just my thoughts, definitely not trade advice.

Comment


Well as you see price continued right to my long target area, as well as filled the gap. I am definitely expecting some retracement soon. Although I still have a longer term bullish bias
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