KVE
Short

GBP/AUD: Harmonic continuation? Where will the rally stop...?

FX_IDC:GBPAUD   British Pound / Australian Dollar
110 0 7
Will PA be stopped by the trendline , will we get an harmonic continuation and possible three drives pattern...?

I honestly don't know and neither does anyone else! My last short failed and now I'm looking for new trade opportunities.

I am willing to take a trade based on the above setup.
SL is rather tight but if we break the trendline then we might be on the way to form a double top at the previous high so you wanna have a tight sL in any case... Better to enter a new trade at the double top than risk having a wide sL above that top imo             ...
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