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neilharveyg
Feb 27, 2018 1:06 AM

GBPAUD - Intraday - Textbook Trend line Breakout Trade Short

GBP/AUDOANDA

Description

Technical Analysis - GBPAUD price action recently broke a trendline support which acted as a nice floor in the previous price actions. DO NOT CHASE the breakout. Wait for it to retest and trigger your positions.

Trade active

Nice trade setup. Textbook breakout complete. Price is now retesting the broken trendline. My target is the DPP

Order cancelled

The price action perforated well the broken trend line. Looking for another entry once the price action breaks and retests the immediate support level.

Kudos!
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