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UnknownUnicorn200545
Aug 20, 2015 4:54 AM

GBPAUD meeting resistance  Short

British Pound/Australian DollarFXCM

Description

The GBPAUD is meeting resistance at the 2.13180 line, as we see 2 failed attempts to break higher.

I have included the 4 hour chart as this was used for my entry.



I am looking to play it smart, with no defined profit target. Stop loss will be above the trend line, if we confirm a close below during US trading hours.
Comments
UnknownUnicorn200545
I have since re entered short, as we saw resistance on the 4 hour chart, with 3 pin bars, and a MacD cross Down. I am recovering from recent losses.
UnknownUnicorn200545
100 Pip stop Loss was hit
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