mrleh

GBPAUD reversed off key area, sells in play

Short
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD looking very nice, entry is not on point as we missed the entry at the key weak key area that it reversed from. Our stop loss may be a bit bigger yet the trade is showing signs of pushing towards the trendline in the channel which is where a key area is placed and the 50% Fibonacci is at. let's get in the sell trade and update if the trade pushes past the weak key area, we will opt out the trade

GBPAUD SELL
start: 1.12126
stop loss: 1.82778
take profit: 1.80207


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