OANDA:GBPAUD   British Pound / Australian Dollar
Price broke out of the descending triangle on the downside but retraced back into the triangle. However, it is downtrending on the DAILY. So, I expect the price to break back through the support line of the descending triangle and continue bearish at least 30 pips for the first target.

Comments

Thanks for the idea. trying em now with proper risk!
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@John9FX, Yeah, it's struggling to get back out of the triangle. But I believe it can still go and hit targets.
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John9FX JunebugPresents
@JunebugPresents, In profit! Thanks for sharing your idea.
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