TradingView
spesfinancial
Jan 4, 2017 12:30 AM

GBPAUD Wait for a consolidation to trade short breakout Short

British Pound/Australian DollarFXCM

Description

Day chart: Yesterday's big red candle indicates short bias on this pair. Price may keep going down to test 1.6800 support.

4 Hour chart: Wait for a consolidation to see if there is a reasonable stop loss when price breaks yesterday's low.

Comment

No trades activated. R:R ratio is not satisfied.
More