UnknownUnicorn772665

GBPAUD - SWING TRADE *Short entry*

Short
FX:GBPAUD   British Pound / Australian Dollar
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.
Trade active
Trade closed: stop reached