GBPAUD 1:11 R:R SHORT

Here on GA we have had a big gap to the upside on market open. Usually the gap will close right away, but occasionally you will have the market immediately swing in the opposite direction for 1-2 4H candles, and then fill the gap and continue that momentum. With this theory, we would be seeing GA topping out at this region and preparing to roll over to the downside. Add this to the fact that we have been in a medium term bearish trend, and as well we are 160 PIPS away from our weekly key level of 1.85000. With these confluences, i'm very confident we will be seeing 1.85000 met in the first half of the week.

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