British Pound / Australian Dollar
Short
Updated

GOOD PLACE TO SELL ?

219
Hello traders, looks like GBPAUD gives us an opportunity to hop on this bearish trend..the reasons why the little orange box is the good place to sell :

1. Cypher pattern completed at that area (0.786 retracement of X-C)
2. 1.27 fibo inversion (B-C point)
3. RSI overbaught

Just for reminder guys, the stops must be above X point..extended targets?yeah, why not :) Good luck :)
Trade active
sold at 1.9678
Trade closed: target reached
take some time but its worth waiting..first, second and third target reached ! :)

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.