$$GBP/AUD Shorts
After Identify A Good Area To Get In Longs In My GBP/AUD
Previous GA Set Up, I've Now Identified An Area Where I Can Possibly Short This Pair.
<<< As You Can See Structural GA
Been Rejecting Price From That Resistance Trend-line A Numerous Amount Of Time Since May'16
However Looking Where Price Is At Currently, We See The x3 Fail Attempt
To BREAK-OUT Which Lead To The Rejection
Price Has Also Broken Out Of Minor Support Trend-line And Closed Below 23.6%
I Will Be Entering This SET-UP If Price CLOSES (Candle Close) Below The Identified ONCE Resistance Turns Support
Area Around 1.74910
If IT Fails TO Break That Support AREA & Close Below 1.74910 This Set UP IS INVALID
After Identify A Good Area To Get In Longs In My GBP/AUD
Previous GA Set Up, I've Now Identified An Area Where I Can Possibly Short This Pair.
Been Rejecting Price From That Resistance Trend-line A Numerous Amount Of Time Since May'16
However Looking Where Price Is At Currently, We See The x3 Fail Attempt
To BREAK-OUT Which Lead To The Rejection
Price Has Also Broken Out Of Minor Support Trend-line And Closed Below 23.6%
I Will Be Entering This SET-UP If Price CLOSES (Candle Close) Below The Identified ONCE Resistance Turns Support
Area Around 1.74910
If IT Fails TO Break That Support AREA & Close Below 1.74910 This Set UP IS INVALID
Trade active
Trade active:
Trade Is Active Eventhough, Missing Out On Perfect Entry & Will Be Puting Trade @ Break-Even Before The RBA-News In A Hour
Order cancelled:
Lower Time Frame Entry Stopped Out BE, & Will Be Waiting For 4hour Clear Break Of Support In 30Mins Before Re-Entering As Posted On Set-UP
Comment:
Comment:
Trade @BE/TP1
Trade closed: target reached:
Trade Close BE As Being Aware Of Area Where Price May Bounced Which Was Posted As The TP1 OR BE Area, On To The Next Trade.