jackmyattFX
Short

GBPAUD SHORT...JUST AWAITING FINAL CONFIRMATION TO JUMP IN :)

FX:GBPAUD   British Pound / Australian Dollar
2689 11 77
GBPAUD             SHORT

-CURRENTLY IN DOWNTREND VERY BEARISH
-A B C AND D EXTENTION TO BE MADE
-MAKING HIGHER HIGHS AND HIGHER LOWS
-HOVERING AROUND THE 0.618 FIB RETRACEMENT
-MAS LOOKING TO CROSS TO DOWNSIDE
-WILL BE 3RD BOUNCE OF TRENDLINE AS YOU
CAN SEE FROM RED CIRLES
-TARGET 1 TIES IN NICELY WITH A FIB LEVEL AND KEY
MONTHLY SUPPORT AROUND 1.9900

THINGS TO BEAR IN MIND
-BE CAREFUL FOR THE BREAK AND CLOSE ABOVE THE
TRENDLINE AS THING COULD INDICATE TO ME A LONG
TRADE.

Trade active: We still very bearish here.....be patient :)
Trade closed: target reached: I dont think this is going much lower at the moment il take the 1500 pips :)
Well done
Reply
2.04100 cmp wht to do now ?
+1 Reply
Looks like a good selling point brother, keep it up!
+1 Reply
We have the same idea! I'll wait a CTL breakout in the 4h to enter this trade...OR if the price will break the TL I'll wait a pull back :)

Anyway... 3rd bounce? this should be the 4th as you pointed out from the red circles... and it's making lower lows and lower highs (in the daily at least) :)
+1 Reply
I personally see this as a long. Good luck
+1 Reply
Im already in this. I normally don't think a doji candle is enough for entry but given where it's happening and everything that has happened I think makes this a great opportunity.
Good luck :D
+1 Reply
jackmyattFX WaveAlchemy
Yes not just the fact its doji candle but everything else too, great risk to reward ratio tho could be mega pips good luck pal
+1 Reply
WaveAlchemy PRO jackmyattFX
I don't know if you're into harmonics, but if you are I think you'd like to know that we could be in a CD leg of a potential bat completion. So yeah on that note, the risk to reward is beautiful.
snapshot
+1 Reply
WaveAlchemy PRO WaveAlchemy
Let me rephrase that, 'we are in a CD leg' lol
+2 Reply
jackmyattFX WaveAlchemy
Ive never done my research in harmonics but I should and thats good news then :)
+1 Reply
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