Bastianelton

GBPAUD - seeing a Long, then a Short

Long
OANDA:GBPAUD   British Pound / Australian Dollar
GBPAUD is a bad and choppy pair, but I do see the possibility for the market to reach UP to the breaker, (potentially into Equilibrium) and then a move DOWN from the breaker. It's hard to say how far it'll go down as we don't really have any imbalances or EQL due to the choppiness . However we do have a bullish orderblock that may be a reversal, and on the Monthly timeframe , we have an overextended M formation that we may see the market retrace to.

COT report also supports my idea. Let me know what you think!
Comment: I know that gray area is huge, keep in mind the setup is originally from a weekly timeframe :)
Comment: We hit our upside target at first OB. Lets see what happens from here...
Comment: First Target Reached.

moving exactly as expected...
Trade active: Trade running beautifully !