FX:GBPAUD   British Pound/Australian Dollar
79 2 4
Hello Traders,

I am taking a short on this pair because of the following technical reasons

A. It has hit a 50% retracement from the move downwards

B. it has broken the hourly trendline

C. If you are a key price action trader then you can immediate resistance at 2.18718


Entry

Looking for entry when a retest of the resistance ahead occurs from the bounce of the 21 day moving average around 2.18443 and 2.18718 area.

Target: support at the bottom at 2.17500.

Stop loss: 2.18993 or a tight one at 2.18446 (beware of shakeout) candles.

Enjoy the Experience



Too bad it doesn't work out...
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I know, the non-farm payrolls numbers was extremly bullish for this pair
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