informedtrades
Short

Beautiful Bearish Checkmate on GBPAUD

FX:GBPAUD   British Pound/Australian Dollar
42 0 0
Really nice reversal candlesticks forming on GBPAUD             , right at resistance, after a pullback in the downtrend. I'm short here at 8160, with my stop at 8387 and my target profit at 7728. I strayed from my normal 3:1 reward/risk requirement here, but I liked the setup enough to warrant it worth the opportunity. Moreover, if we can get to my target profit, I may re-evaluate and opt to take half off there and let the remainder go for further gains.

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