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GBPAUD: Your Trading Plan 🇬🇧🇩đŸ‡ș

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Brittiska pund/Australiensiska dollar (OANDA:GBPAUD)  
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OANDA:GBPAUD   Brittiska pund/Australiensiska dollar
Parallel Channel Rectangle Double Top or Bottom GBPAUD priceaction priceactionanalysis priceactiontrading priceactionstrategy pound aussie australiandollar
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parallelchannel rectangle doubletoporbottom gbpaud priceaction priceactionanalysis priceactiontrading priceactionstrategy pound aussie australiandollar
snapshot

GBPAUD is trading within a wide horizontal trading range on 4H.
The price is currently coiling around its resistance.

To short with a confirmation, watch 1.8128 - 1.8166 area.
It is a neckline of a double top pattern.
We need a 4H candle close below that to confirm its breakout.

Short aggressively or on a retest then.
Goals will be 1.808 / 1.803

If the price sets a new high though, the setup will become invalid.

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