GBPAUD Short Opportunity with a Risk-Reward of 1:5!
GBPAUD
The price is retracing after a strong down-movement.
There are 3 reasons to believe that the downtrend will resume:
1. The setup of the moving averages is bearish;
2. The price is on the orange moving average;
3. The price already retraced by 50% and tested the 0.5 level of Fibonacci.
A short trade here also offer an amazing opportunity in terms of risk to reward.
The price is retracing after a strong down-movement.
There are 3 reasons to believe that the downtrend will resume:
1. The setup of the moving averages is bearish;
2. The price is on the orange moving average;
3. The price already retraced by 50% and tested the 0.5 level of Fibonacci.
A short trade here also offer an amazing opportunity in terms of risk to reward.
Find out more at www.itstradingtime.com/