As we can see on the Daily chart the start of downward movement has begun and the price made new lows already for example we can see the highest high the price made on the 20Th of August this year at the numbers of 1.90500 approximately and then we saw the price went down to form a new LOWER low at the 3rd of September at the number of 1.85000 with losses of 500PIPS, After that we all saw the new lower high made after one month at 1.89484 and from that point the price went down and our expectations that it will make new lower lows for this year at the GBPAUD pair
we can put our sell positions after the clear break and retesting the levels of 1.85300 with our Fixed stop loss will be positioned above the last highest high at 1.87300 with 200PIPS RISK and our First target will be more than the double of this risk PIPS with more than 400PIPS profit at 1.81300 and we will watch the price action from those areas if its bearish we will hold our sell positions to the last take profits at the support of 1.79000
USE MONEY MANAGEMENT
TRADE SAFE
we can put our sell positions after the clear break and retesting the levels of 1.85300 with our Fixed stop loss will be positioned above the last highest high at 1.87300 with 200PIPS RISK and our First target will be more than the double of this risk PIPS with more than 400PIPS profit at 1.81300 and we will watch the price action from those areas if its bearish we will hold our sell positions to the last take profits at the support of 1.79000
USE MONEY MANAGEMENT
TRADE SAFE