QuileHills
Short

GBPAUD at Channel Top

FX:GBPAUD   British Pound/Australian Dollar
225 3 15
GBPAUD             is near its post-Brexit channel top giving potential for a downward swing and channel continuation.

I'm not quite satisfied with the set up enough to enter a pending order yet and will watch to see if the pair stays in a tight range in this area and establishes a good short entry.
Comment: Pending trade architecture in comments below
Trade active: Opened with Sell Stop order as shown in chart posted in comments.
I'll be entering it as follows
snapshot
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I totally agree. Also it's hit the 4hr 200 EMA.
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