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Renforex

GBPAUD - Short

Short
British Pound / Australian Dollar (FX:GBPAUD)  
Renforex Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Technical Indicators Chart Patterns GBP GBPAUD sterling strategy short aud pound
13
0
trendanalysis indicator chartpattern gbp gbpaud sterling strategy short aud pound
Bears are looking to pull GBPAUD into the orange box area.

Some nice pips to be made here. Be sure to always keep an eye on the price action on smaller time frames (30, 15) to ensure the market doesn't go against you whilst unprepared to adapt your plan.

Comment:
On 15m time frame, we see a break down of temp structure, confirming our entry.

snapshot
Comment:
We move SL to break even
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