Alexander_Nikitin

gbpaud multi timeframe analysis

Short
FX:GBPAUD   British Pound / Australian Dollar
We became bearish as soon as we broke the resistance area. It means that we have a higher probability of going down than up. Once we decided what side of the market we are likely to stay at, let's see what bearish signals we can get at the required area from our trading system on lower timeframes. A bat pattern is a very nice signal. I'm not looking for some huge moves. A retest of recent lows (almost 300 pips) will be more than enough.

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