tntsunrise
Short

GBPAUD short at inverse 1.618

FX:GBPAUD   British Pound / Australian Dollar
5780 45 117
GBPAUD             short trade:
price tested the inverse 1.618 level
@ 2.0413
Look left there is good structure.
Short GBPAUD             now
SL : Above the Pin
TP:1.9774
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Comment:
snapshot

Stopped out @2.0450, Re-entered at 2.0500
based on the pin bar and wedge
Comment:
snapshot
Comment:
snapshot
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Please be aware that it is not a reversal pattern so far, it is consolidation behaviour, which in fact can turn into a reversal as it is a big resistance zone.
Reply
perharps look at 61.8% fibo on weekly chart for reverse ?
Reply
Heyy jack semm back 1.80 region till October.. I will hold my position..
Reply
Hi Jack, is the trade valid to short further down?
Reply
yeah.
Reply
SaraBison tntsunrise
Thanks Jack
Reply
Jack, you think we have seen the highest level?

Also what SL have you put for this second trade?
Reply
above the pin
Reply
I am in at 2.0387 thanks.
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I swear to you that you are wonderful, my friend
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