UnknownUnicorn772665

GBPAUD Short Trade *Momentum Trend Continuation*

Short
FX:GBPAUD   British Pound / Australian Dollar
Looking to short GBPAUD now after the nice 1hr rejections forming at 1.89 level.

4hr 50ema and multiple fib levels to act as resistance.

Nice sell off last week and after this early consolidation I am predicting price to sell off once again. Aiming for the support zone at 1.86750 for my first profit target which would be a 1hr lower low on this trend.
Trade active
Trade closed manually: Unfortunately stopped out at entry on this one. Was +60pips profit at one point :)