TradingView
QuileHills
Aug 24, 2016 9:27 PM

GBPAUD at Channel Top Short

British Pound/Australian DollarFXCM

Description

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.
Comments
QuileHills
Cenotaph
I'll be entering it as follows
Hanu727
I totally agree. Also it's hit the 4hr 200 EMA.
More