Potential Short Opportunity for GBPAUD

20 Nis 2020

While i am still waiting for my long term play on GBPAUD. I have identified a short term trading opportunity. As seen from the movements showed by the green arrows, i am waiting for a breakout of the short term purple rising trend line before looking to sell on a pullback. This trade has a higher probability of succeeding since we will be trading with the long term bearish momentum.