FullTimeTrader

GBPAUD-multiple reasons to short

Short
FX_IDC:GBPAUD   British Pound / Australian Dollar
5
A good setup for next week, i see here multiple reason for a short entry.

- Triple top with double divergence
- multiple pinbars-rejections from 2.1500
- strong psychonumber 2.15000
- first convergence-divergence setup after a long rally (this offers a R/R ratio at least 1:2)

SL above 2.1500
Minimum expected target : last lows (400 pips)
Second target: near 2.05 (700 pips)

Happy weekend!!

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