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UnknownUnicorn180388
Feb 12, 2017 1:58 PM

GBP.AUD - Daily Outlook Short

FX:GBPAUD1D
British Pound/Australian DollarFXCM

Description

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The GBP.AUD is one pair on my watchlist into Monday / Tuesday.

If it meets my rules to do so i will be taking this pair short expecting a retest of the 1.6000 psychological level.

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1hr TF outlook

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4hr TF outlook

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Pullback occurred as expected, a potential short.

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Awaiting candle close on the 1hr TF prior to entry.

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Price has now pushed lower after Monday's pullback, expected a push lower into tomorrow.

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A push lower breaking below 1.6227, a pullback is expected before a further push lower into this week.

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I am expecting a pullback on the 1hr & 4hr TF before another push lower into Monday / Tuesday

Comment

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ukforexsignalsSELLshortBearish PatternsGBPAUDgbpaudshort
Comments
cryptofawkes
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hi mate still in this trade from Friday, looking as you say to the psychological level of 1.6200. fingers crossed
UnknownUnicorn180388
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@acko1227, I hope it all works out for you for, I will await market open and take it from there :-)
Toscana
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very reasonable - the other possible way if it gets back to LT trend line, tests 1,67 once more and then gives a great short
UnknownUnicorn180388
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@Toscana, It's certainly a possibility, we will see how market opens and take from there.
E11
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UnknownUnicorn180388
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@E11, Nice setup.
lumydee82
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Hi, new to trading. what will be the confirmation before u take a short on this pair?
UnknownUnicorn180388
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@lumydee82, Hi,
It's not something i go through on this platform, sorry.
cryptofawkes
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looks sweet this trade bro ive held on the pullback so lost some profit lets hope she melts down to the 1.600 level
UnknownUnicorn180388
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@acko1227, I am still awaiting a confirmation prior to taking this pair short.
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