GBPAUD for a sell opportunity
Price rejected the top at 1.82000 area with a breakout of the trendline.
The price is forming a nice correction that possibly can break to the downside.
You can enter at the break of the correction or wait for more confirmations as to how did the structure break (impulsively or correctively)
This is a nice setup if the correction breaks to the downside.
The market can also test the top again at 1.82 and then continue to the downside. If the market breaks up with a bullish candle the setup is invalid.
Good luck and use proper risk management :)
Any comments are welcomed
The price is forming a nice correction that possibly can break to the downside.
You can enter at the break of the correction or wait for more confirmations as to how did the structure break (impulsively or correctively)
This is a nice setup if the correction breaks to the downside.
The market can also test the top again at 1.82 and then continue to the downside. If the market breaks up with a bullish candle the setup is invalid.
Good luck and use proper risk management :)
Any comments are welcomed
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