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NilsTrading

GBPAUD possible short trade

Short
British Pound / Australian Dollar (FX:GBPAUD)  
NilsTrading Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD fcpstrategy shorttradeidea
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trendanalysis harmonicpatterns chartpattern gbpaud fcpstrategy shorttradeidea
GBPAUD has reached the FCP zone on weekly TF, it also confluences with another FCP zone in 4hr TF. It has started to show some bearish indications (rejection from monthly 61.8 fib level), a possible short trade is foreseen.

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Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.
Comment:
1st and 2nd targets are already reached.
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