FullTimeTrader
Short

GBPAUD-ideal area for a short-bearish bat

FX:GBPAUD   British Pound / Australian Dollar
863 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...
Reply
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 !
Reply
WaKaS WaKaS
sorry it was ment to be under ur eur/pound post
Reply
Same idea! great.
+1 Reply
nice!
Reply
Yes.poor data from China. Investors dumping Aussie. I'm still stuck.
Reply
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:

Reply
ForexisbizFib FullTimeTrader
I'm ready to short when price testing 2.1700 again.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out