PHANTOMFX_

GBPAUD short idea

Short
PHANTOMFX_ Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
We have a bearish engulfing candle right there which is giving us more confluence.In addition to that we have the price reaching a key resistance point and compression was taking place before price reached the place(Compression is when a gap closing triangle forms as it approaches a major resistance because of bull and bear pressure. When bears win it breaks in the down direction and a signals that bear power has entered the room with power and vice-versa). HAPPY TRADING FELLOWS.
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The market has turned against us for some unidentified reason.

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