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Profound_Ambition
Jan 2, 2018 11:30 PM

GBPAUD 4H Short

British Pound/Australian DollarFXCM

Description

Price getting ready to complete its 5th wave down to the next level of daily support, where at that point I will look for a potential reversal. Price came back for a bit deeper of a retracement & is now rejecting a strong level of daily resistance / the 50% fibonacci zone.

Comment

50% fib broken to the upside, waiting for further confirmation

Comment

Last chance here, price must close on the daily below 1.73600 area

Comment

evening star 200 EMA rejection plus a bearish engulfing candle forming, we may be in route to make new lows

Comment

Sitting in nice profit : )

Comment

beautiful pullback, & now a continuation to the downside target
Comments
mehul4077
Very Nice sir
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