el_g

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Markets Allocation
100 % forex
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AUDNZD 50% | 1 GBPAUD 50% | 1
el_g el_g AUDNZD, 240, Short ,
AUDNZD: AUDNZD short - Breakout retest
70 0 1
AUDNZD, 240 Short
AUDNZD short - Breakout retest

The pair has broken down from the bullish trend line and it retracing. Price could treat former support as resistance and reverse to fall to near-term support. Entry is at the purple bullish trend line, not triggered as of writing. Target 1 is Short-term support @ 1.0929. Target 2 is the congested area around 1.08.

el_g el_g GBPAUD, 60, Short ,
GBPAUD: GBPAUD Short 1H chart R:R +3
62 2 1
GBPAUD, 60 Short
GBPAUD Short 1H chart R:R +3

Price has rejected off this key level dating back to 2009 several times recently. These rejections are strong, indicating possible institutional players behind each move. If ST resistance holds, it could be a R:R of 3+. Entry: 2.082 Stop: 2.0852 (approx 30 pips) Limit: 2.0699

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