GBPAUD Structure based Short Trade
We are at a level of structure that has been tested many times recently in this channel.
This would be a good level to get involved shorting the market if we can get a reason for entry. The RSI is overbought so we may find a DT on the Lower time frame.
Stops could go above previous highs at 0548s with targets down at 0262s which offers an amazing risk reward.
Of course if we get a higher high, higher close, then we can look for reasons to get long instead.
This would be a good level to get involved shorting the market if we can get a reason for entry. The RSI is overbought so we may find a DT on the Lower time frame.
Stops could go above previous highs at 0548s with targets down at 0262s which offers an amazing risk reward.
Of course if we get a higher high, higher close, then we can look for reasons to get long instead.