tntsunrise
Short

GBPAUD short at inverse 1.618

FX:GBPAUD   British Pound/Australian Dollar
5779 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.
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perharps look at 61.8% fibo on weekly chart for reverse ?
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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.
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SaraBison tntsunrise
Thanks Jack
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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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