GBPAUD SHORT IDEA

Pair Name : GBPAUD
Time Frame : 15 MIN
Scale Type : SMALL

price has broken structure to the downside on the 1 min and 3 min and is now trading at a 1hr Support area and has had a false break above the previous 1hr high which presents it self as equal highs on the 5 min timeframe

Reason for trade

Price trading at 1Hr resistance & a false break above, the previous 1hr high
PRICE IS BEARISH

price has made a significant retracement into the 61.80 area

Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!