GBP/AUD: A Thousand Pips Waiting?
Updated
First, let me show you AUD/USD chart:
Although AUD fas fallen in the past few days, but yesterday it has carved a pin bar really nice at resistance 0.700
Now look at GBP/AUD chart:
A nice down trendline follow with a pin bar at top.
Can this be the beginning of a huge downtrend back to 1.729 (More than a THOUSAND Pips).
I already take a short at 1.8376. Let see what happens.
Although AUD fas fallen in the past few days, but yesterday it has carved a pin bar really nice at resistance 0.700
Now look at GBP/AUD chart:
A nice down trendline follow with a pin bar at top.
Can this be the beginning of a huge downtrend back to 1.729 (More than a THOUSAND Pips).
I already take a short at 1.8376. Let see what happens.
Note
Seems like my position is down, no problem, cuz I lose nothing except that scout sodier. Now in my opinion the trend is still down, I'll wait for the next opportunity.
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