We are very close to the result of US election.
The market was very high and we could see price swinging wildly during that vote count.
I am not trading with USD pairs for now as it is still dangerous in this crucial moment.
For today i got a nice setup on GBP pairs.
First setup for today is GBPAUD pairs.
As your can see price has been moving up this past 3 weeks. It was respecting the ascending during it upwards movement.
And finally, price closed below the on daily and 4hr timeframe, indicating sellers winning over buyers.
We could see price rotate lower from this point as the will now become resistance.
Sell GBPAUD 1.8300
Stop loss 1.8380
Take profit 1 at 1.8140 (2R)
Take profit 2 at 1.8000 (3.75R)
Use only 1-2% risk