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Gbambam
May 1, 2019 7:46 AM

GBPAUD  Short

British Pound/Australian DollarFXCM

Description

After a surge to the upside we are currently sitting above 1.85000 a major level for this pair.

a short opportunity may present itself at the 1.85280 level with the formation of a bearish gartley.

This pattern is 67 % successful in my back testing for this pair.

If we cannot reach that entry point my eyes will be on a 4 hour candle close below 1.85000 for a continuation to the 1.618 ext @ 1.84383 fall in line and just above previous support level of 1.84375.

Thank you traders
Hoping you all have successful week.






Trade active

Entry price; 1.85336 Short

Trade closed: stop reached

Ashame.

I do feel there is down side here but im am not going to chase the trade
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