maxw3st

GA short and possible range trade or long

Short
maxw3st Updated   
FX:GBPAUD   British Pound / Australian Dollar
The 4hr shows a good short setup right now after Friday's close. It may move a little higher for a better entry, but the trade should net 300—400 pips. A close above support negates the short and may make a good long to the top of the range, also 350—400 pips up. Should it go in that direction a move higher to a new zone becomes possible if it breaks resistance.
Trade active:
the entry setup for today/Mon (London open).
Trade closed manually:
The pair is currently consolidating and looks like a good set up for a break out trade either up or down.

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