GBPAUD (Short)

30 ส.ค. 2020

There is a good potential trade entry to take with a good risk-reward ratio.

Starting with the Weekly chart:
-The market is currently bearish and trading below the moving average

Moving to the Daily chart:
-Where the market has broken the recent consolidating zone and trading below the moving average

Going to the 4hour chart:
-Where the market is making lower lows and lower highs and therefore indicates a bearish momentum

I would enter the market with the following criteria:

Sell Limit @ 1.8140

SL@ 1.8200
TP1@ 1.7940 (RR: 3.33)
TP2@ 1.8100 (RR: 5.46)