forexnoobmaster007

Reversion from upper trendline, back to test the lower tendline.

Short
FX:GBPAUD   British Pound / Australian Dollar
The pair has been moving in a channel pattern from the past two months. It has recently tested the upper trendline and has reverted back with the aim of testing the lower trendline. The expected target for the trade is at 1.81645. The Range of 1.84053 – 1.85157 is a strong resistance area for the pair. The stop loss for the trade will be at 1.85157.
Trade closed: target reached: cheers!!!!!