Hello,
Just entered this short on GBP/AUD.
Reasons:
- Bigger timef frame resistance
- The price got rejected few times in the same area and there is no HH , HL sequence.
- The current move is really struggling to go up.
- Buyers' momentum looks like it is slowing down.
First target around the blue dotted line. Good area to book some profit and move stops to zero.
Main target - recent support from the daily which is around - 1.7680
Good luck :)
Just entered this short on GBP/AUD.
Reasons:
- Bigger timef frame resistance
- The price got rejected few times in the same area and there is no HH , HL sequence.
- The current move is really struggling to go up.
- Buyers' momentum looks like it is slowing down.
First target around the blue dotted line. Good area to book some profit and move stops to zero.
Main target - recent support from the daily which is around - 1.7680
Good luck :)
Comment:
Added a small position
Comment:
Stopped on this scalp. Waiting a deeper pullback.
Reaction from the current level is likely. Booking some profit and moving stops to zero.