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rizetrades
Dec 1, 2015 6:10 PM

GBPAUD Weekly 

British Pound/Australian DollarFXCM

Description

Currently short this pair from the broken monthly support and head and shoulders neckline break.
I'm looking for a target down to previous structure, 50 fib retracement and a third bounce from the weekly trendline at around 1.98-2.00 level in which I will then look for a reversal to the upside.

Comment

Target hit- will now be keeping an eye on price action at this level for potential longs
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