GBPAUD - Double Top
Updated
Double top (best viewed from W chart). GA has been in consolidation area since last week. Initially, the plan was to enter short trade at top of consolidation range, but GA has broken the support of the range.
I entered short after support break. Short @ 1.856; SL = 1.865; TP = 1.834
I'm keeping this as a smaller trade due to lack of strong price action, the possibility it could retest double top, and because GA has been in an extended run.
4H:
D:
W:
M:
I entered short after support break. Short @ 1.856; SL = 1.865; TP = 1.834
I'm keeping this as a smaller trade due to lack of strong price action, the possibility it could retest double top, and because GA has been in an extended run.
4H:
D:
W:
M:
Trade closed: stop reached
Forgot to update. SL hit 3/6. Minimal loss due to small trade size.
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