GBPAUD short on break of correction

Aktualisiert
GBPAUD is in an upward correction, if it breaks the correction take this short setup.

Be aware of the down trend resistance line and make sure there's some room to move against your short position.

1.67 is a key support zone (around S3 weekly pivot), check price action around this price level!
Anmerkung
It either breaks here, or we get another up move that will complete a W pattern and then break downwards
Snapshot
Trade ist aktiv
Anmerkung
Broke fast on Tuesday, correction up will follow likely the rest of this week
Anmerkung
Snapshot
Anmerkung
Weekly candle so far indicates there's still enough selling pressure. Holding
Anmerkung
Hold, still moving down
Anmerkung
R1 (around 1.62) is a major level of support. watch what happens here
Anmerkung
At key support now 1.625 1.62
pivotreversalshortsupportSupport and Resistance

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