GBP/AUD Bearish Confirmed , Short Setup Detected To Get 150 Pips

Jul 7

Here Is My 4H GBP/AUD Chart And Here Is My Opinion , we entered a buy trade last week from the support that shown on the chart and now the price reached the max level it can reach i think this week , so i found a good res area that mentioned on the chart and the price make a fake breakout and then back again below my res area and below the last high with amazing bearish 4h candle , also i put my C.T.L And now finally we have a 4H Closure Below It So It`s our time to enter a sell trade and targeting 50 to 150 pips and using a decent stop loss , if we have a daily closure above the last high again this idea will not be valid anymore .

Entry Reasons :

- Over Bought
- Fake Breakout
- Res Respected
- Bearish P.A

Jul 15

Trade active

The Price Touched Our Selling Area And Moved +100 Pips After All This Wicks Above The Res Area

Jul 20

Trade closed: target reached

Jul 21

Note

The Price Touched Our Selling Area And Moved +200 Pips