GBPAUD push lower to 1.89000 handle

2019-11-19 08:34:19

Hi guys,

Hope all is well. My 17th published trade on Tradingview.com

*Please keep yourself alerted on my trades, I will advise either on my Instagram (@Saifsofficial) or in the comment section in Tradingview.com*

Take this short position based on how it's been performing lately if we look at momentum on the pair we can see it's got more and more dips (corrections) now this isn't a wrong thing and trades shouldn't be taken based on this but I believe the next correction will be a strong push down, we also look across to the left where could we possibly have a double top? A strong psychological price point @ 1.91000 and based on previous data is why I have set my sell limit there. A small gap in the market was created over the weekend and I believe the market needs to fill the gap before it can make wild swing moves. RSI/STOCK have also been overbought, waiting for the bears to dominate this market in today or tomorrows session When RSI swaps over this also gives us another confirmed move.

*Any change of views on this pair, I will advise in the comment section.*

Sell limit is @1.91000
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Take profit is 200 pips
Stop loss is 45 pips.

Let the trade run, will keep you lot updated as time goes on. I may also re-enter if the price moves higher.

*This is not financial advice*

Also would want to say, thank you guys so much for making my trade ideas go viral, the support on my Instagram and Tradingview.com has been amazing.
Happy trading.

@Saifsofficial on IG, get in touch!