GBPAUD, 4hr tf, sell trendline break
Hello my friends,
Another trade setup coming for you, it's GBPAUD sell setup.
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As you can see recently GBPAUD tried to trade back above 1.8140 resistance but seems like it was short lived.
Today priced drop again below it and breaking the ascending trend line.
We could see price continue south to around 1.7970 support once again.
Entering sell now will only provide us with 1:1 trade setup so i am gonna wait for a lil bit retracement to around 1.8120 and enter sell there.
Sell limit GBPAUD 1.8120
Stop loss 1.8170
Take profit 1.7970 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Another trade setup coming for you, it's GBPAUD sell setup.
If you find this post useful, please give me a like and follow me for the next update.
As you can see recently GBPAUD tried to trade back above 1.8140 resistance but seems like it was short lived.
Today priced drop again below it and breaking the ascending trend line.
We could see price continue south to around 1.7970 support once again.
Entering sell now will only provide us with 1:1 trade setup so i am gonna wait for a lil bit retracement to around 1.8120 and enter sell there.
Sell limit GBPAUD 1.8120
Stop loss 1.8170
Take profit 1.7970 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Penafian
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