GBPAUD - SWING TRADE *Short entry*
GBPAUD has rejected the 1.87 key resistance zone multiple times on the 4hr and daily timeframe. I am now looking to enter a simple short entry for a swing trade down to 1.72500.
There is a 4hr trendline that is in the way first so when price approaches this I will move my stop loss to breakeven to remove exposure. If that trendline breaks then I will assume the trend has reversed and will add short positions on the 4hr lower highs.
There is a 4hr trendline that is in the way first so when price approaches this I will move my stop loss to breakeven to remove exposure. If that trendline breaks then I will assume the trend has reversed and will add short positions on the 4hr lower highs.
Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.