GBPAUD-can we trade this crab? Short

British Pound/Australian DollarFXCM

Description

⋅ Jul 9, 2015 1:06 PM

I think we can still trade this big crab visible on D1, the price already reacted to the PRZ making two nice inverted hammers.

After a big rally of price we could have a big retracement or trend change.

On D1 chart the SL is big now but we can trade it also on lower time frames.

Best regards.

Comments

ElPatron.Y

⋅ Jul 9, 2015 1:07 PM

Just entered short this morning because of channel resistance and bearish divergence. Good luck!

FullTimeTrader

⋅ Jul 9, 2015 1:16 PM

Nice! i didnt see the channel. I entered yesterday also, if this setup works we could have a 400 pips decline at least