GBPAUD- SELL HERE ON 4H CLOSE

14 de set. de 2020

Price is in an overall downtrend, forming lower highs and lower lows and a third touch of this descending TL, usually when we have an impulsive move like we have, we tend to see a retracement into the 38.2 region or the 50 fib region, here we have a retracement to the 50% Fibonacci level and with what looks like is going to be a bearish engulfing candlestick, wait for the 4H close and enter a sell position with TP at the -27 fib level If we get this engulfing close.