Get started
Sherem

GBP/AUD Massive Head and shoulders on weekly

Short
British Pound / Australian Dollar (FOREXCOM:GBPAUD)  
Sherem Updated   
FOREXCOM:GBPAUD   British Pound / Australian Dollar
Trend Analysis Technical Indicators Chart Patterns GBPAUD
5
4
trendanalysis indicator chartpattern gbpaud
It's still forming, but if this thing starts breaking down, it could go down pretty far. i will be shorting this thing, taking profits and reshorting as it bounces up depending on what it does.

Long term trade, make sure you calculate your risk with stops just above 1.8.

Happy Trading,
-Sherem
Comment:
When I poted this was at 1.7750, 100 pip move down. Looking good. If you are looking to enter, ladder in now with positions to short if it moves back up, or wait for a retrace.

snapshot
Comment:
taking profit here, going to try and reshort it if it rebounds
Comment:
shorting again at this 1.7750 level, with another sell laddered at 1.7873, might move it to 1.7850, we'll see
Comment:
We took some profit on this GBP and re entered at 1.7750. I have a ladder placed just below 1.79 to take advantage of this channel action we have going on for the next rebound before a major move down.

snapshot
Comment:
Taking profit, placing ladders between 1.77 to 1.7950 to reshort
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.