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SwissPips

GBP/AUD: Shorting at the market for 50 pips

Short
British Pound / Australian Dollar (FX:GBPAUD)  
SwissPips Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns GBPAUD GBP aud short Bearish Patterns SELL swisspips
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trendanalysis chartpattern gbpaud gbp aud short bearish sell swisspips
Hey guys,

The pair broke its corrective pattern 2 hours ago to the downside. The previous demand zone has shifted to a supply zone implying that selling is ongoing.

I am selling at the market and will target the 127.2% fib level which is the next demand zone.

The RR for this trade is above 2.5.

Trade at your own risk.

Cheers,
Comment:
Trade closed: stop reached
Comment:
Target was reached but my stop was a bit too close of my market price
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