Hello guys, we've reached a key point for GBPAUD. It could be seen from two different perspective: new touch in a descending tl (whit 0.618 fib) or a retest of an uptrend tl. In both cases the 4H uptrend is broken and we can now short :)
A breakout and close below the outer CTL could lead to further downside, near 2016 low.
Happy trading!
Comment
⋅
SL moved to BE. Risk free trade!
Trade closed: target reached
⋅
price reached the outer trend line. I closed my trade! :D