GBAUD Short
GBPAUD is in an overall downtrend. I'm currently entering the market on pullbacks only. When the market opens back up I will look for more confirmations to enter for SELL and ride this wave down. Price closed below quaterpoint leveel 1.85000. I'm expecting it to go to the next quarterpoint 1.80000 and that's when I will exit this trade or look for reversal. Bears are showing that they are in control and price is oversold on my RSI indicator. My first take profit will be at 200 pips. I'm keeping close eyes on these trades for the next few weeks.
Penafian
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