OANDA:GBPAUD   British Pound / Australian Dollar
Short the Pound ozzie with me and lets make some bread. This is a typical pattern used by banks where they will grab liquidity to the upside faking out many, triggering stop lossess, buy stops etc, then they will reverse price back down. Take incremental profits from 20 pips, then every 10 pips from there. Your welcome.
Comment: The trade is nullified because green candle did not close just below the line of the box, instead it violated it by smashing through. TRADE WAS NOT TAKEN.

Comments