FullTimeTrader
Short

GBPAUD-we can still catch the big decline-plan B

FX:GBPAUD   British Pound/Australian Dollar
839 6 17
As i posted before, i think this pair is about to make a big decline. After that ugly spike its tricky to find an entry point, i dont want to miss this trade!!
GBPAUD-We can still catch the big decline

This is my plan B, looking at H1 chart price retraced to 0.61 fib retracement after a possible double top .
Other details on chart.

Regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).


Thanks FulTime Trader ;) Thats an Ego-boost for me (newbie) as I was looking at this a couple of days ago:)
GBP/AUD potensiell double top and reversal?

Keep up the good work!
+1 Reply
Thanks for your words. Well done! knowing the direction is only one step. The next and complicated thing is to find an entry point. I hope last highs will hold. Regards.
+1 Reply
UPDATE. Stopped out but the bearish bat pattern triggered. Long term still bearish.
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im still on the buy, planning to sell on 2.1900, is these a right move ??
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Good plan! im still keeping shorts because the long term run is already finishing.Market is volatile today, may be we have to wait until next week for a clear direction. Lets see. Regards.
+1 Reply
ellee FullTimeTrader
thanks so much, im been follow these pair for the past three month. hopefully im be catching the big wave soon
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