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20 mars 2018 03:52

GBPAUD (SHORT) Short

British Pound/Australian DollarFXCM

Description

Waiting on a strong bearish indication of some sort over the next few days before I short this pair. I believe a higher low is on the way to being formed around my 1.80000 daily support region. The pair has pulled away from MA's, furthermore, the bullish run that has been running rampant over the last few days must lose steam at some point. Hopefully, GA either rejects my trend line or weekly resistance in addition to significant PA i.e a shooting star or a bearish engulfing before I enter this position. If there is no significant price action indicating bearish movement I will not enter.
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