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spesfinancial
Sep 7, 2016 9:12 PM

GBPAUD may worth giving a try on short Short

British Pound/Australian DollarFXCM

Description

British pound was going quite weak following US dollar's retracement, but GBPUSD does not have a clear trend today as the trend on higher time frame is up. GBPAUD, however, has downwards broken key support on 4 hour chart and retested it as a resistance zone. With two weak candle in the yellow box, we may able to find short opportunities with small stop loss after a consolidation.

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First target is almost reached
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