GBPAUD, Demand Absorbed, Downfall Sentiment

FX:GBPAUD   British Pound / Australian Dollar
Analysis :
This currency has been going up since August 25th 2017
The abstraction of trendline ( trendline is very subjective, thus i called it abstraction line), noticing us that the currency is low in demand (or in terms of Dow Theory, doesn't make Higher Low), it creates Lower High instead, broken down the Strong Demand Area around 1.7600
Turns out there is still a significant demand around 1.7400 - 1.7500 which leads to small upmove in the past 6 weeks.

Price Action:
Now, price is hanging around at our 2018Quarter midpoint (that is around 1.785).
From the past 2 weeks, it shows balance, and stable between buyers and sellers.

Action :
Take Short (because Demand area is broken down) carefully with Scale In Management.
There is a high possibility that Big Buyers (or any Bank Policy) pour in their capital (or make policy) in such high significant amount to drive the price to its Top Position again.
I take short with 0.7% risk instead of 2% right now.
Sell Stop below 1.7600 (scaling in/compounding) up to 2% of my account
Stop Loss around 1.8200


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