I am currently monitoring sells on GBPAUD. There are many confluences that support my thesis.
- Price closed back down on the monthly 1.9200 level.
- Double top on the weekly
- Price formed a bearish setup (lower low) on the daily timeframe and it didn't hit the -27.2 fib level.
- It has retested a major daily level on the daily level and a rush of bearish momentum has kicked.
- My targets are at 1.89700 for the daily but will taking profits in the 4H timeframes dependent on price movement.
- Looking to scale in at 1.9125 or at 1.9095 for shorts.
- Price closed back down on the monthly 1.9200 level.
- Double top on the weekly
- Price formed a bearish setup (lower low) on the daily timeframe and it didn't hit the -27.2 fib level.
- It has retested a major daily level on the daily level and a rush of bearish momentum has kicked.
- My targets are at 1.89700 for the daily but will taking profits in the 4H timeframes dependent on price movement.
- Looking to scale in at 1.9125 or at 1.9095 for shorts.
Trade closed: target reached:
- Trade went exactly as planned