GBP/AUD - Possible Breakdown

23 May 2017

It looks likes GBP/AUD has lost it's steam and is starting to breakdown, if this candle on the 4hr closes below current support i'll be happy to short to the 1.70698 area. My current stratergy allows me to sell now as price has closed below the Donchian Channel low but there's nothing wrong with more confluence, I'll keep you posted.

23 May 2017

Not

24 May 2017

Not

if the price doesn't close below the previous low, look for this double bottom pattern

26 May 2017

Not

I had a lot of faith in this one, I'm currently running with three open positions on this trade and I think I can see another potential short. stay tuned!