joshdonoghoe
Short

GBP/AUD SHORT POSITION UPDATE

FX_IDC:GBPAUD   British Pound / Australian Dollar
Took this position today at 12am GMT after the 1hr 50ema and pivot rejection. As stated in my previous idea I have been looking for a clear signal to short this pair, and today thats what I got. We had strong bearish MACD divergence on the 4hr chart with price making triple tops. After this, we had a clear break to the downside breaking the key trendline , 1hr 50ema and this 4hr 50ema. Now that we had a clear breakdown and possible trend change on the lower timeframes, I was looking to take a short on the first lower high.

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