GBPAUD Break major trendline. Trend reversal may occur

Price break the major support and pullback to structure.
The downtrend may continue and test 1.7600.

Find pullback and short. Target around 1.7600
You can use 1:1, 2:1 or more RR Ratio.

Trade your plan.

RR Ratio 4:1

Note: Never trade with the money you can't afford to lose)

Good luck.

Please like, comment, and follow to support the author if you find this analysis helpful.

Kommentera:

Kommentera:

Moving average pointing lower. Should able to test the support above the trend line.

Kommentera:

This uptrend just a correction in the weekly time frame, but first big drop is due to brexit. Please trade with care, price may not break the trend line and support.

Kommentera:

Weekly

Kommentera:

This uptrend just a correction in the weekly time frame, but first big drop is due to brexit. Please trade with care, price may not break the trend line and support.