Potential re-entry for a short on GBPAUD

Mbjoey Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
My initial entry was at 1.98235 after breaking out of the consolidation area, we saw a continued drop till it broke through the 1.96611 area. As it stands, we have a pin bar on the H4 at same area as a retest for the continued downward move which shows some rejection of the area. If I see some bearish pressure further at this area, I will take a sell. We wait for the next trading session in next week.


All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Trade active:
Market played out as expected and fundamentals played a key role in setting the mood. Trade is still on hopefully we just might see another re-entry opportunity


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.