Just placed a short position before the close on GBP/AUD 1.6183 with 3 price targets..not a fan of holding a position over the weekend..but we may get a strong pullback to the 0.23 fib line or more.
If it downs continue pass the 1st 2 targets and then we will keep the short down to the next fib level
1.6247
T1 = 1.6335
T2 = 1.6319
T3 = 1.6302
Target #1 has a 83% hit rate
Target #2 has a 66% hit rate
Target #3 has a 52% hit rate
Good Luck Guys.
If it downs continue pass the 1st 2 targets and then we will keep the short down to the next fib level
1.6247
T1 = 1.6335
T2 = 1.6319
T3 = 1.6302
Target #1 has a 83% hit rate
Target #2 has a 66% hit rate
Target #3 has a 52% hit rate
Good Luck Guys.
Trade active:
Still hanging in there with our short from a few days ago...This took more time than anticipated. Patience as a virtue has never been more true.
Trade closed: target reached:
All 3 price targets hit...position closed.
86 pips captured.
86 pips captured.