GBPAUD 240 Short – counter trend trade
Ongoing 1W and 1D UT’s. Good RSI break, waiting for PA to break trendline and also break the SR from the double top 13 March and 6 may 2019.
The weak link on this is there is a 4H UT since 30 July, but the latest HH has not formed. This trade if taken would assume the UT has broken. You can see the double top and the lack of the HH on the 1D:
The weak link on this is there is a 4H UT since 30 July, but the latest HH has not formed. This trade if taken would assume the UT has broken. You can see the double top and the lack of the HH on the 1D:
Comment:
PA now forming a potential double top/HH. Still looking for a break lower on the RSI.
Trade closed manually:
Decided to close trade prior to SL. Expected to hit recent HH and double test.