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faraz99200
Dec 2, 2020 7:29 PM

GBPAUD Short

British Pound/Australian DollarFXCM

Description

PRICE HAS COME UP AFTER A SUPPORT REJECT BACK TO TEST THE TRENDLINE.
SO FAR 100+ PIPS IN PROFIT
PARTIAL PROFITS WILL BE TAKEN AT THE SUPPORT AND LETTING THE REST RUN TO HIT FULL TP FOR 600 PIPS
PRICE ACTION INDICATOR A HEAD AND SHOULDERS PATTERN FORMING UP SO THAT SUPPORTS IT MORE
Comments
Jame5Gr33n
Will is still drop?
faraz99200
@Jame5Gr33n, based on my support, a newer trendline was formed, so the pair is in a triangle, once it has broken and a retest happen we can see a potential swing. i did take full profit at the support line
HemiBillions
I agree, very similar to my analysis. have made so much swing trading this over the past week! lets hope it drops to that 1.7600 level.
faraz99200
@HemiBillions agreed make sure to take partial profits at the support since it might bounce back
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