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Lm7ee
Apr 25, 2019 7:30 AM

GBP/AUD SHORT SETUP DOWNTREND/DOUBLETOP/FIBONACCI Short

British Pound/Australian DollarFXCM

Description

Looking for Shorts on GBPAUD:
-Downtrend
-Daily candle, 4hr Spinning top and then a bearish engulfing.
-Double Top
-70.5 fibonacci retracement.

Initial Targets for me will be 1.8250-1.8110

Trade closed: target reached

Stopped out at 85+ pips x 2 positions. Didn't manage to secure the full 100 pips.

Trade closed: target reached

+250 pips off of break>retest on 1.8500
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