Get started
KPeykov

GBP/AUD Trade Idea

Short
British Pound / Australian Dollar (FX:GBPAUD)  
KPeykov  
FX:GBPAUD   British Pound / Australian Dollar
gbp_aud short Head and Shoulders wavetheory
2
0
gbp_aud short headandshoulders wavetheory
On Daily basis, we have "Head and Shoulders" pattern, Remembered line at 1.8000. So we can establish short position on a break out of this area and get on wave 4 (from the related idea).
Sell at 1.8000
Stop Loss at 1.8400 (above previous high)
Take Profit at 1.7500

Related Ideas

KPeykov
GBP/AUD Long Term Idea
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.