The GBPAUD is trading in a bearish condition, yesterday I was waiting for the GBPAUD to break the bottom of the range and it broke it earlier today, retraced back to the short term resistance and formed a significant pattern with downward pressure (this is what made me set my short stop order):

Order details (pending order):

Entry stop:  1.4761
SL: 1.4810
TP: 1.4612

It still is a pending order, and I will cancel it if it closes above the high of the pattern that triggered the order. I’ll keep you updated.

Trade Safe!

Raul Lopez
Forex Course