FX:GBPAUD   British Pound/Australian Dollar
400 4 32
We could clearly see bearish impulse legs with lower lows with lower highs, We never know whats going to be happen next but with logic I can explain if this bat bat pattern works we might see a LL or a retest of lows.

Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.


Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
4. Always do your analysis prior to the market open

What is your thought about UK cutting the rates next week, what you think the effect will be? I'm betting short on G/A but it does seem to be willing to test previous wick high.
+1 Reply
morshedul.sazid cwittusen
a year ago
I am sorry my friend, I really do not have any idea about the news, I normally do not look at it. I look at the charts, the price action and fibbs. I trade what I see, To be honest, GA can make Higher highs, it obviously could, but according to the harmonics, according to price nature I found a beautiful Bat pattern in this downtrend: I can tell this will be a risky sell for sure, we need to get our money management done properly, that not to risk too much on this trade.
Cheers!
Reply
Will take this bat too good luck mate
snapshot
+1 Reply
morshedul.sazid KevinSinghDhaliwal
a year ago
We are on the same boat :).
Thanks,
+1 Reply
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