FullTimeTrader
Short

GBPAUD-ideal area for a short-bearish bat

FX:GBPAUD   British Pound/Australian Dollar
862 9 19
My long term bias is still short for this pair but after that ugly spike usually we have a choppy sideways price action.
Here we have a potential bearish bat that could work fine, i like it because its near the round level 2.2000
If price fills the bat it would be an ideal entry for a short.
Regards.
Excellent trade analysis Sir but mine pending order was at 2.20152 and again i missed it by just 8 pips difference...
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Such things happens, luckily i placed my order on 2.200 because the round numbers are reactions levels. Happy weekend.
+1 Reply
i think its already took it, but lets wait and see !
Trade 2 , EURGBP buy
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WaKaS WaKaS
sorry it was ment to be under ur eur/pound post
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Same idea! great.
+1 Reply
nice!
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Yes.poor data from China. Investors dumping Aussie. I'm still stuck.
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FullTimeTrader ForexisbizFib
You are right, the choppy price action will still last for some time, in such cases its better to take profits as soon as possible. Previous idea worked fine:

GBPAUD-another 0.61 retracement
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ForexisbizFib FullTimeTrader
I'm ready to short when price testing 2.1700 again.
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