GBPAUD SELL THE PULLBACK

Jul 9, 2017

Hi traders:

We start out the week with a nice short trade on GBPAUD. We can see the 1 hr chart formed a rising wedge them broke down, now I am looking for a pullback to form a lower high to confirm bearish momentum. Good to take it down to 1.67 area, the next major support zone.

Thank you for your support and feedback.

Jul 9, 2017

Note

Here is the daily chart:

Jul 11, 2017

Trade closed: target reached

First TP hit, 2% profit

Jul 13, 2017

Trade closed: target reached

Second TP hit