GBP/AUD 4H Trend continuation setup (short)

FX:GBPAUD   British Pound / Australian Dollar
GBP/AUD             4H Trend continuation setup (short)

We can see price making lower low (new structure low) and that signals contiunation of the trend.
Major daily structure is way lower and that tells us that price will drop down lower to that structure and retest it.

PRZ is quiet large and i would take it at the top of it because of risk:rward ratio. If price will not be hit i will simply skip that trade.
Stop loss above previous structure. Targets at retest of previous low. For more agressive trade you can put targets at extension 127.2% of last swing high to swing low.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out