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ChrisPulver
Feb 22, 2015 11:22 PM

GBPAUD - Could it really be this easy? Short

British Pound/Australian DollarFXCM

Description

The GBPAUD amazes me with its beautiful setups and symmetry despite a pair capable of moving well over 200 pips per day. We've hit the channel resistance levels and last week sold off nicely to confirm more bearish structure. I like a short position building off of the 50 and 70 retracement levels to target 9100 - even the midpoint of this large channel would make me smile.
Comments
moneymaking
Nice setup Chris. Thanks for sharing and Good Luck!!
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