GBPAUD - Descending Wedge Short

GBP/AUDOANDA

Description

⋅ Jan 27, 2020 12:08 AM

GA forming a descending wedge pattern.

Price now consolidating at the upper trendline in line with the 1.92 psychological level.

I am hoping price will reject here to break through the current trading range, in which it may give way to a 300 pip drop to the lower ascending trendline.

Amazing R:R on this trade!

Comments

MMQ_FX

⋅ Jan 27, 2020 10:05 AM

Pair broke to the upside - no trade

boycie5000

⋅ Jan 27, 2020 10:06 PM

Also hit level on fibs