Trend Trading the GBPAUD Short

British Pound/Australian DollarFXCM

Description

⋅ Jul 10, 2019 10:54 PM

I am looking for a move lower within the main bearish trend as the price may have formed a bearish flag.
Targets start at latest low at 1.7855, then the 1.618 extension for the flag pullback at 1.7740. And finally 1.7615.

Trend Analysis Flag

Comments

TanveerAlam

⋅ Jul 11, 2019 5:56 AM

SL point?

Technician

⋅ Jul 12, 2019 6:36 AM

@TanveerAlam, up to you. For me, just above the swing high at 1.8040.

Bullandbeartrading

⋅ Jul 11, 2019 8:02 AM

Very good and clean channel.

meyntrade

⋅ Jul 16, 2019 8:58 AM

I take my TP1 at 1.77399 (200 pips).
Thanks for the share!!!

UnknownUnicorn4870840

⋅ Jul 13, 2019 6:47 PM

nice chart