GBPAUD >> A Short Term Trade Becomes a Long Term One

Goodmorning Traders,

Yesterday I wrote an analysis about a short term trade on this cross, unfortunately the sideway movement at night and the missing confirmation from the Lagging Span, which refused to break the Kumo out, brought the pair to H4 Kijun Sen, taking the stop loss.

That's where my new long term trade was born.

On the H4 chart the trend is clearly taking a bearish path, and the retest of the Kijun Sen could be a nice entry point.
Also, the flat Kumo on the H1 timeframe shows us that price may have many difficulties in continuing the bullish movement.

Here we are with my very simple trade: Stop on the H4 tops, entry point on the H4 Kijun Sen, and Take Profit on the Daily Kijun Sen.

If the order will be taken, I will follow the trade on the 15 minutes timeframe.

What you think about this trade?

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>> Write in the comments below what your idea is :-)

Ordem cancelada:

Sell limit cancelled. Tomorrow morning I will value the breakout of the support zone on H1 for a short entry on the retest of it.