Chimbarosa

Possible short GBPAUD 4H

Short
Chimbarosa Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
In a nutshell:

  • GBPAUD refused to move above 1.800
  • GBPAUD is currently slightly above EMA 200 Weekly; which act currently as a support
  • After closing below EMA 200 weekly a short might be a good idea
  • Volume decreased at current price Level
  • We broke the current upward Trendline
  • SL/TP won´t be shared

This is not an advise this is just my personal opinion
Trade active:
My stop sell order was triggered during the Asia session for 1/4 of my position. Before I increase my position I gonna wait for the Britain´s GDP data and see if there is a pullback.
Comment:
GDP data have been as expected; strong pullback occured. Bought another 1/4 of my position.
Comment:
We will test EMA 4H
Comment:
Today I went fully short…
Comment:
Average Short Price: 1.787

Until now: 100 pips; sold 50% of the position.
Trade closed: target reached:
200 pips; another 35% of the position was closed. My ususal 15%: SL to BE; my final target for this position can be shared now. 1.754 (let´s see if we gonna make it).
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