GBPAUD – Short order placed (pending)

Written by Raul Lopez on . Posted in Trades & Analysis.

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

GBPAUD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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