RaynLim

Trade Ideas Position: GBPAUD Crab

Short
FX:GBPAUD   British Pound / Australian Dollar
With a bearish crab form, up with such a long tail hitting 1st target for both trade(link at the bottom), both trade has to manual exit for their target 2.

I will wait for the retest on this bearish crab pattern as a type to set up for a new shorting opportunity.

First shorting trade
GBPAUD Sideways
GBPAUD H1 Sideway Bounce, RSI Divergence
Short NOW: 2.0342(105)
ISL: 2.0462(-120)
TP1: 2.0152(+190)1.5:1
TP2: 1.9895(+447)3.7:1

Second shorting trade
GBPAUD ABCD Pattern
GBPAUD H1 Bearish ABCD, Sideways Bounce, Counter Trend
Short Now: 2.0397(78)
ISL: 2.0510(-113)
TP1: 2.0190(+207)1.8:1
TP2: 1.9884(+513)4.5:1

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.