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The808Trader

GBP/AUD Bearish Trend Trade!

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Paun British / Dolar Australia (FX:GBPAUD)  
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FX:GBPAUD   Paun British / Dolar Australia
Trend Analysis Beyond Technical Analysis Technical Indicators GBPAUD gbpaudshort gbpaudtrade gbpaudsell Ichimoku Cloud ichimokukinkohyo the808trader Bearish Patterns
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trendanalysis beyondta indicator gbpaud gbpaudshort gbpaudtrade gbpaudsell ichimokuclouds ichimokukinkohyo the808trader bearish
This pair fell down below the kumo cloud right through a former kumo twist region.

These are ideal areas to look for sell and I'm looking for that sell to continue.

There's two ways we can enter into this trade with either a drawback and rejection at the entry I have drawn, or a sell stop below our current candles.

We also are close to a bearish kumo twist to help confirm we are due for some further downside as well.

If either of the two entry scenarios fail to play out, this setup may become invalidated.
Komen:
Trade not triggered as we didn't get rejection or break of the important level we were watching
Penafian

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