Fxprotrader

GBPAUD: Tremendous R/R Ratio Sell Setup

Short
FX:GBPAUD   British Pound / Australian Dollar
Price broke below the uptrend it was moving after reaching a key zone (0.618 fib and median line). In 4h chart RSI is overbought meanwhile in the lower timeframes we have a bearish divergence. I will personally wait for a correction after this breakout and go short aiming for big targets based on structure. A high probability setup with great value..

Key zone:

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