FX:GBPAUD   British Pound/Australian Dollar
188 9 0
Short against the highs. Targets 1.5200 and 1.5000
tuanatuba
3 years ago
So what happens now where I sold it still goes up!
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traderWgun tuanatuba
3 years ago
well you trade on your own risk. I got stopped out but there is still bearish potential.
The fact is if this one start a reversal it gonna drop heavy, so it's really about R/R.

Anyway, all the indicators looks topish.
snapshot
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tuanatuba
3 years ago
Where do you think should stop? Thanks
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traderWgun tuanatuba
3 years ago
Well, i dont know. But if we look at the correction between EURAUD and GBPAUD and asume (but you shouldn't assume in trading),
then we are not far of a high. We are still at equal legs, didn't close above it. AUDUSD has hammer support at .9580 so we could see a correction soon.

But if audusd breaks .9580 and euraud breaks channel, then we may not see a reverser. EURGBP looks weak, so maybe EURAUD
is a better option. I wouldn't hold on a short gbpaud ATM. There are many good setup eles were in the market. Don't chase,
let the market come to you... and always assume you are wrong.
snapshot
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traderWgun
3 years ago
Still bearish potenial on this one, but need it to break before selling
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traderWgun
3 years ago
snapshot
wedge
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imaxcare
3 years ago
I will consider this TL in coming days...
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traderWgun
3 years ago
We are coming into daily channel res
snapshot
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traderWgun
3 years ago
snapshot
evning star and divergence on 4H
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