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DacresFx
Mar 29, 2016 10:12 PM

GBP/AUD  Short

British Pound/Australian DollarFXCM

Description

GBP/AUD SHORTING OPPORTUNITY
Fairly good shorting opportunity depending on how this candlestick plays out.
- Downtrend
- Bearish engulfing
- 618 Fib level seems to be have held as structure resistance
- Down trend correction leg
- targets based on D point of the ABCD Pattern

As always Good Luck
Comments
UnknownUnicorn326052
Good spot. Got in as well. It broke lower and closed lower. Might see some retracement to 1.88 but overall we could get at least 1.8590.
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