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MDSADI

Intra day Short trade after 4 hr candle close below 10 ema

Short
British Pound / Australian Dollar (FX:GBPAUD)  
MDSADI Updated   
FX:GBPAUD   British Pound / Australian Dollar
Technical Indicators Chart Patterns Harmonic Patterns
7
0
indicator chartpattern harmonicpatterns
Risk off is in play, but yet we are seeing GBP/AUD struggling to pierce through 1.94500, if price continues to stall here then a meaningful pullback might happen in search of greater buy pressure . However it's prudent to wait for London session and see how pound plays out after the wage data is released. A 4 hr candle close above 1.94800 would invalidate the idea
Comment:
We don't have closing below 10 ema yet, so i would watch out for daily closing today, to understand momentum , for now its just scalping on this pair
Comment:
Australian employment data would give us the next move
Comment:
Got stopped out with trailing stop, can take another short probably at top of the corrective channel

snapshot

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