Yesterday the GBPAUD was trading around a LT important level, but earlier today it broke through an important ST support level triggering a bearish market condition.

It’s interesting how it broke the range then it retraced back to validate the resistance level (where I got in):

Trade Specifications:

Entry: 1.5823
SL: 1.5874
TP: Since it is trading at historical lows, I set the TP order in a RR ration of 3:1

Trade Safe!

Raul Lopez
Price Action