GBPAUD - 4hr Timeframe Update on Short Opportunities

OANDA:GBPAUD   Pound British/Dolar Australia
Following our previous analysis on the weekly timeframe , for OANDA:GBPAUD , we are seeing that, as the pair has broken the upward consolidation trend, every sell opportunity taken from now on, is a good short.
If you aren't in the sell from the reversal at the top, monitoring and exploiting on divergence, and if you did not partake in the subsequent short opportunities on following consolidations, now it's a good idea to just wait.
As a matter of fact, the pair is not going down as impulsively as expected, so there is a good chance that it will presumably make a deeper corrective structure to the upside, on the 4hr timeframe, before resuming it's downside impulse.
Watch out, therefore, for "abc" formations in the form of running, contracting or expanding flats to the upside, to get into sells.
Updates will follow.
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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).

Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

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