GBP very strong at the moment, and mostly extended on most pairs. Expecting some downwards movement and looking to short this pair. The short is there now, but there could be a bigger correcting as illustrated in the picture before it goes bearish. Looking for a 3:1 RR.
This may setup for a nice short if we get a signal, but its shorting into daily/weekly support so not a trade i'll take as its in my trade plan to not short into support.
However, if you did take this then it could drop a lot!
This is a potential short on the AUDUSD pair. Price has made a correction back into resistance and testing the trendline that broke. Some nice confluence on this setup.
Will look to go short on a break and close below the 4-hour trend line.